But doesn’t the estate still have to pay taxes?
Only on whatever income it is generating. On the benficiary side, they need to pay taxes on disbursements to them, but structured correctly as I understand it, that can be really low.
You would set it up as some type of irrevocable common law trusts, naming as trustee a trusted 3rd party or such. The charter would have to be renewed every X amount of time, but from what I’ve read, Paul Revere and Sam Adams among others still have functioning trusts dating back to the nations founding.
I believe it was Rockefeller who said “Own nothing, control everything”. Elites manage to maintain their family legacies by keeping them in multiple trust structures.
I’m by no means knowledgeable on them in general, but I’m working on it...