Jensen Huang, the mastermind behind Nvidia and the tenth-wealthiest person in America, is set to save over $8 billion in estate and capital gains taxes. Yes—billion with a “B.” How did he pull it off? He had a plan. And it’s one you’ll want to take notes on.
In 2012, the Huangs kicked off their estate tax strategy with an irrevocable trust. But they didn’t stop there. They crafted a savvy estate plan using tax-saving tools that helped them legally sidestep the 40% estate tax that would’ve hit a direct transfer of their wealth.
Just like the Huangs, family business owners can secure their family’s financial future with the right plan in place. But they need to prioritize estate tax planning now. Not later. Read “Nvidia’s Jensen Huang Has an Estate Plan – Do You?” for tips on where to start.
Read about estate tax planning for family businesses here.
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