date:Sep 18, 2013
heoretically save so much tax that it leaves a family richer than if it hadnt given a dime to charity.
Alices mother, Helen, chose an auspicious time to set up her first four Jackie O. trusts in January 2003. The IRS rate of 3.6 percent was the lowest since 1970, and Treasury yields rose the next month.
Happy returns
Those trusts can only save taxes if they beat that 3.6 percent rate. From 2007 to 2011 the years for which the IRS provided public copies of the trusts tax returns they did so