💼 Steve Jobs, the founder of Apple, transferred his wealth to trust funds before his death
Which spared his family from paying estate taxes of up to 40%
🏦 In 2009, Jobs began transferring shares of Apple, Disney, and multiple properties into trust funds
With this move, his wife, Laurene Powell Jobs, became a billionaire
📉 Trust funds are not subject to probate or legal challenges
They provide tax protection and complete control over the wealth
📊 At the time of his death, Jobs owned 38.5 million shares in Apple and 138 million shares in Disney
He transferred them while alive to avoid capital gains taxes
🔗 For details | https://cnnba.co/RhawRp
