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What they are not telling you is that the family would lose 50% of the estate to federal estate taxes after the second death if he did not leave it to a charity. Meaning once Barron and his wife dies the good old IRS imposes there inheritance tax which is due 9 months after the second death. The other fact is that they are leaving out is who administering the trust that has the funds. It will be someone in the family that will take a % / fee to make the decisions of where the money goes based on Barrens trust. Even a small percentage of billions of dollars will be 10?s of millions per year to the family. This is all estate planning to ensure that the IRS does not get what he built and ensure an endless income stream from administering the trust for future Hiltons basically forever.
Mr. Romance
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