Grand jury subpoena for Signal user data, Central District of California

Re:Grand jury subpoena for Signal user data, Central Distric... by dublinben on Friday October 29, 2021 @06:23PM (#29044200)

This is more or less what billionaires do to pass their wealth to their children. Here's a recent article that goes into detail about one particular family's setup.

https://archive.md/yN7M7

https://www.bloomberg.com/features/how-billionaires-pass-wea...

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Re:Grand jury subpoena for Signal user data, Central Distric... by loeg on Saturday October 30, 2021 @10:24AM (#29048997)

DAFs and GRATs are completely different vehicles. DAFs are beneficially owned by some 501(c)(3) and withdrawals can only go to arms-length, 3rd party 501(c)(3)s, with no reciprocity attached to the gift.

DAFs are a convenient way to gift appreciated stock (which is already a nice tax gift to the charitable wealthy), but fundamentally not a vehicle for passing money to your heirs.

Your article is about GRATs, which should be illegal.

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