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The same goes for people who have set up trusts.
Ms. Bersheda said Mr. Rybolovlev's moves to set up trusts for the real estate were "succession planning".
She said one way to deal with this was to set up trusts that preserve each spouse's state exemption level.
Over the years, three other families have set up trusts that help support the center and its programs.
Ms. Macauley said a few clients were opting to set up trusts that can be unwound up until midnight on Dec. 31.
In fact, they mostly charge fees (as much as $10,000) to sell annuities and to set up trusts in other people's names.
Similar(35)
Some plucky businessmen and do-gooders have set up trust-spreading bi-communal clubs.
The United Nations has in the past set up trust funds for aiding war-ravaged countries that have not yet set up governments.
The movie's makers have set up trust funds for the young actors that they will have access at age 18.
Employers of child performers will be required under a new law to set up trust funds and place 15percentt of the children's annual incomes in individual accounts.
When Kaiser set up Trust Income, it was allowed to own preferred shares, a form of security with attributes of both equity and debt.
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