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madaxe_againyesterday at 8:57 PM1 replyview on HN

Lol nah. The assets are held by a trust. The trust, being a friendly bunch, loan you capital which it gets by liquidating assets, at a rate of 0% with “don’t worry about it” default terms. You’ll probably pay a management fee for each loan.

You croak, your heirs become the beneficiaries of the trust. Rinse, repeat.


Replies

Manuel_Dyesterday at 10:03 PM

In this case, the beneficiaries of the trust pay income tax on the money they receive from the trust.