Experts Say Steve Jobs Died Tax-Free

While the specifics of Steve Jobs’ estate plan will likely never be made public, many tax experts claim that his estate will likely not pay a penny in estate tax. 

Jobs transferred real estate into two trusts while he was living. According to SEC filings, Jobs also transferred 5.5 million shares of Apple stock and 138 million Disney shares into  trusts.

It is likely that Jobs’ did not earn anything from Apple or Disney since the transfers. Thus, Jobs likely died with no assets in his name, passing away estate tax-free.

See Steve Martin, Billionaire Steve Jobs Died Tax-Free, Experts Say, The Trust Advisor Blog, Oct. 9, 2011.

Special thanks to Jerry Cooper (senior editor, the Trust Advisor Blog) for bringing this article to my attention.