date:Sep 18, 2013
at its most recent proposal, submitted in 2012, would raise an extra $18.1 billion over 10 years. None of the proposals have gone anywhere.
Not long before Helen Walton created her first Jackie O. trust, her former sister-in-law won a court victory validating another tool to fend off the estate tax.
As with the Jackie O. trust, this maneuver exploits the inevitable discrepancy when tax officials try to value future gifts.
Aunt Audie
In 1993, Audrey Walton put $200 million of Wal-Mart stock i