Month: April 2012

Facebook Billionaires Use GRATs for Estate Plan

We can take a lesson from Mark Zuckerberg and Dustin Moskowitz, the founders of Facebook. Both young, unmarried and with no children, they still did estate planning to save a bundle n estate and gift taxes for their beneficiaries – maybe their as yet unborn children and grandchildren. They used a technique called a Grantor… Read More

Ponzi Schemes and Tax Deductible Losses

Wikipedia: “A Ponzi scheme (named after con artist Charles Ponzi) is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher… Read More