• planner

    I am puzzled by this comment in the article: “Most estates require the trustees to line up fairly active portfolio management if they want to live up to their fiduciary duties”. Active management creates a drag on a portfolio – fees, taxes, turnover, etc. that any serious fiduciary would attempt to avoid. The fiduciary is far more likely to pass muster with passive, tax-efficient, low-cost fully diversified strategies. In the Jobs case, perhaps diversification makes sense ($11 billion of Apple stock), but not “active” management.

  • Ken

    This story repeats the assertion of the prior story that Jobs removed the Disney and Apple stock from his taxable estate. As others have pointed out, this would only be possible if the wealth (in excess of his exemption) went to a charitable foundation (charitable deduction) or his wife (marital deduction, in which case the tax is deferred rather than eliminated).

  • planner

    i posted a comment yesterday. Why should I bother taking the time to write a comment if you are not going to post it?

  • Richard Grant

    Hello, I am requesting information in order to ask for a donation to the Narrow River
    Preservation Association. It is a reach but I have decided to make the effort. NRPA
    symbolizes in its 42 year history a multitude of grassroots environmental groups. I, of course, can provide information, beyond Narrow River.org, but for now I am just
    trying to establish contact with Jobs, Sculley and Turner. Yes, big targets for a small
    watershed, but NRPA is looked up to on a national scale. At least you could inform
    me of the contact for applying for a grant. Thank you, Richard Grant, NRPA president.
    richard@rbgrant.com