date:Sep 18, 2013
said. At the same time, we hope to shift it down a generation, without tax.
Wealthy families held a record $20.9 billion in Jackie O. trusts in 2011, the last year for which IRS figures are available, almost twice the amount they held in 2000.
Leon Hess, the late oil magnate and New York Jets owner, created one at his death in 1999 thats now worth $682 million. Hedge-fund billionaire David Teppers trusts are worth $155 million. Elaine Marshalls Jackie O. trusts are worth $169 million, and t