‘The Not-So-Secret Lives of Trusts’

One common critique of trust law is that it exacerbates wealth inequality by creating layers of financial secrecy for families with substantial assets. By obscuring asset ownership through baroque legal vehicles invented by the ‘wealth defense industry’, elite families are able to preserve their wealth by avoiding financial obligations, most notably tax obligations … (more)

[Allison Tait, LPE Project, 11 February 2025]

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