I read this article moments ago on MSN.
To me, this article serves as an indicator (if you will) of elements that mark, brand, what elitist mentally is capable of.
If this does not upset the general public and serve as a giant fucking wake-up call to the inner workings of complicit behaviors which facilitate such egregious interpretation and willful use of current law, I don't know what will.
~D
(excerpt of the article as re-printed from Forbes Magazine on MSN):
I’m not a betting woman, but I’d wager all my Apple stock that the family of Steve Jobs won’t owe Uncle Sam a dime of estate tax. That may surprise some folks given that Jobs, who died tragically of pancreatic cancer on Oct. 5, was worth $7 billion, according to Forbes estimates. But for estate planners, it’s all in a day’s work.
We’ll never know for sure what specific planning tools Jobs used. That’s because, being a very private person, he is likely to have passed as many of his assets as possible through trusts, rather than using a will. Unlike a will, a trust does not have to be submitted to probate — the process through which a court determines that a will is legally valid and approves the distribution of assets covered by that will. Therefore the terms of the trust remain completely private.
However, a trust avoids probate only for assets put into the trust. Reuters reported that in 2009 Jobs and his wife put at least three pieces of real estate into trusts (...).
http://www.msnbc.msn.com/id/44905598...ss-forbes_com/