date:Sep 18, 2013
the term of the trust or whether Helen Walton paid any gift tax when she set them up. He assumed the trust was worth about $330 million in 2003, when it was established. And he assumed the trust would earn 7.5 percent a year, more than twice the 3.6 percent rate used by the IRS, but about half its actual rate of return during the period reviewed by Bloomberg.
Its an enormous amount of wealth transfer, with avoidance of gift tax, Friedman said. At the end of the term, you see those gigantic num