Tuesday, November 22, 2011

Jobs Heirs may Sell Apple and Disney to avoid millions in Capital Gains Tax

Full Story: Bloomberg Businesswek 22 Nov

Steve Jobs’s widow may never find a better moment to sell her late husband’s $6.78 billion of Apple Inc. and Walt Disney Co. stock. Under U.S. law, Jobs’s heirs may sell Apple and Disney and avoid $867 million in capital gains taxes, reports Huffington Post.

“I can’t see any reason not to sell all of it,” said Kacy Gott, chief planning officer at the wealth-management firm Aspiriant, whose clients have assets of as much as $100 million. “They should have been looking to diversify years ago.”

Read full story of a decision which may become the biggest headlines the world over


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