The Democratic Donor and the Largest Private Trust Funds Ever Found

Overview


Ellen Harrison explained how a hedge fund billionaire’s Bermuda-based trust fund was structured to grow by delaying taxable disbursements to the trust’s beneficiaries “You can accumulate a great deal more in a foreign trust that avoids paying taxes,” said Ms. Harrison. “Over time, it will become much larger than its comparable US trust. That’s simple.” But she added that getting money out of such an offshore trust can be complex.