The Only Living Trusts Book You’ll Ever Need: How to Make Your Own Living Trust, Avoid Probate & Protect Your Heirs (Plus Protect Your Assets & Save Thousands on Taxes) by Monroe Garrett

Author:Monroe, Garrett
Language: eng
Format: epub
Published: 2024-06-13T00:00:00+00:00

The Gift Tax Strategy of Mark Zuckerberg

Meta CEO Mark Zuckerberg, and his wife Priscilla Chan, have strategically used trusts for tax-efficient philanthropy. By transferring Meta shares to a trust before the company's initial public offering, they capitalized on the lower valuation of their gifts, effectively leveraging the annual gift tax exclusion and lifetime gift tax exemption. This move minimized their potential gift and estate tax liabilities, allowing them to fulfill their charitable goals through the Chan Zuckerberg Initiative.

Zuckerberg’s approach to gifting assets through a trust demonstrates how proactive and strategic planning can achieve philanthropic aims while optimizing for tax benefits, serving as a model for others seeking to make impactful, tax-efficient gifts.

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