Heir to a real estate dynasty, Kent Swig married well, lived well and amassed billions, buying up buildings in New York's financial district after the 9/11 terrorist attacks depressed prices. Then came the real estate bust and the Great Recession. The New York Times details Swig's rise and fall in
With Fortune Fading, a 1% Divorce.
His boom-to-bust story may have a second act.. Swig has avoided bankruptcy and managed to pay down some debt. One reason: "his ability to access Swig family trusts that are protected from creditors."
Sometimes asset protection trusts really do make a difference.
Posts
No comments:
Post a Comment