Annuity trusts allow multimillionaires to pass wealth on tax-free

Evidence

Another glaring example is the elimination of the inheritance tax. In the United States, for example, thanks to the mechanism of an annuity trust, multimillionaires can pass on their wealth to the next generations tax-free. — Clara E. Mattei, Escape from Capitalism, 148

Categorization

Category: Factual Claims

• CANDY: A neat, concrete mechanism anecdotes can sit on — the annuity trust loophole as an easily-grasped tidbit.