Thursday, November 24, 2011

Hints on the Steve Jobs estate plan

AppleInsider reports Steve Jobs' wife to manage $4.6 billion trust of Disney shares.

The trust will be Disney's largest shareholder. Not clear at the moment whether it is a charitable trust, which would have a dramatic estate tax impact. If it is, Jobs' surviving spouse would have plenty to live on for life just from the trustee's fees.


JLM said...

Note that Disney shares represented a much larger chunk of Steve Job's wealth than his Apple shares (not that I'd mind owning more than $2 billion of Apple).

Jim Gust said...

Jobs ownership stake was much more dominant in Pixar than in Apple, and Pixar was the currency that purchased the Disney stock. Also, he abandoned certain of his Apple stock options in the backdating controversy that Al Gore helped him out of.