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Tax-Free Transfer

Narrated by: Kristin Kalbli
Length: 4 mins
3 out of 5 stars (2 ratings)
Regular price: $1.95
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Publisher's Summary

Before payment processor Square went public in November, Sarah Friar, the Goldman Sachs alum who serves as its chief financial officer, put 1 million of her shares in a grantor retained annuity trust. Eric Friedman, cofounder and chief technology officer of Fitbit, stuck 2.4 million shares in a GRAT before the fitness-tracking phenom’s June IPO. And William Wang, founder and majority owner of HDTV-maker Vizio, which has filed to go public, set up two GRATs this year, each with 450,000 shares (he’s trustee of one, his wife of the other).

©2014 Forbes (P)2014 Forbes

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