Tuesday, February 02, 2021

A taint on a trust strategy?

 According to an account posted at TaxProfBlog, Jeffrey Epstein made most of his fortune simply be getting billionaires to execute GRATs to save estate and gift taxes.

I am surprised.


JLM said...

Charging fees linked to expected tax savings was inspired, but I don’t understand how he got away with it.

Jim Gust said...

I guess no one complained to the government. How else would the IRS find out?

JLM said...

I wasn't thinking of the IRS. I was thinking the rich are different from you and me – they could afford Epstein.