Nike's Founder Has Moved $9 Billion to His Heirs and the Gift-Tax Bill Was Roughly $0. The Trust He Used Has a Name and It's Legal in All 50 States

Nike's Founder Has Moved $9 Billion to His Heirs and the Gift-Tax Bill Was Roughly $0. The Trust He Used Has a Name and It's Legal in All 50 States

The post Nike’s Founder Has Moved $9 Billion to His Heirs and the Gift-Tax Bill Was Roughly $0. The Trust He Used Has a Name and It’s Legal in All 50 States appeared first on 24/7 Wall St.. If you own appreciating stock, a family business, or any asset you expect to jump in value, there’s a trust structure the ultra-wealthy have quietly used for decades to hand billions to their kids while paying almost nothing in gift tax. It’s called a Grantor…