Easing the (Tax) Burden of (Facebook) Wealth

H/T to Law Blog for calling attention to WSJ's Laura Saunders' article on Facebook GRATs. The trusts are designed to ease the tax burden for Facebook's founders and other insiders. When the GRATs terminate, writes Saunders, the assets typically pass to other trusts.

Does that mean dynasty trusts? In Zuckerberg's case, no members of his dynasty have yet been born.

For Facebook co-founder Eduardo Saverin, the potential tax burden triggered more drastic action. He renounced his U. S. citizenship.