To avoid property exposure, Steve Jobs handed over the property to the Trust during his lifetime

Source: Internet
Author: User
On the morning of July 15, October 7, Beijing time, after Apple's co-founder Steve Jobs died, his post was also followed. According to the latest exposure, Steve Jobs and his wife put at least three properties under the trust agency as early as 2009. Legal experts believe that this may indicate that Steve Jobs hopes that the property status will not be disclosed after his death.

According to the Public Record, Steve Jobs completed the real estate trust procedures during his retirement. After a long struggle with the disease, Steve Jobs died on Wednesday at the age of 56. According to the news, world-renowned people and Apple fans expressed their grief and regret for the peerless talent that brought a radical change to the computer, music, and mobile phone industries. Steve Jobs resigned as CEO of Apple in August this year.

It is not clear whether Steve Jobs has delegated his shares and other non-real estate property to the trust institution for management, but if he does, it will be difficult to determine the details of the allocation of these property. John O 'Grady, a San Francisco trust and real estate attorney, said entrusting shares and real estate to trust institution management can minimize property taxes when a principal dies, it can also prevent property from being disclosed in the will test court.

Ogatti said: "If the method is proper, the details of the property may never come to the surface. These details are made public only when they are improperly handled ." According to the file, apart from holding Apple shares, Steve Jobs also sold Pixar to Disney for $2006 in 0.138 billion to gather huge wealth. according to Forbes data, as of September 2011, jobs' total assets are about $7 billion.

It is reported that the real estate trust procedures are handled in a gun in California. According to the land records, Jobs planned his home ownership in advance with the help of professional institutions. Among all the transfer documents, Howson and Simon of the California accounting firm are listed. But the company spokesman Jeffrey Howson declined to comment on Thursday.

Over the years, Steve Jobs and his wife Lauren have jointly owned a house in Paro Alto, California. Public records show that they also own two properties in the nearby Woodside. According to the land records, in March 2009, two months after jobs' second retirement, he and his wife registered the ownership of the three houses under the two Trust Institutions. In June of that year, Jobs returned to Apple after a liver transplant.

In addition to arranging property ownership in advance, ogatti said, another reason the principal put the property under the trust institution is to avoid splitting them by potential creditors, but given Steve Jobs's billions of dollars in house, this is clearly not the real reason why he commissioned the house. According to California law, the family members must submit their wills to the Court 30 days after the death of the principal, but real estate lawyers say this provision is rarely enforced.

The Silicon Valley Trust and real estate lawyer, January Brewer, said that if Steve Jobs handed over his personal property to a trust institution before his death, such a file would not include too much information. Burwell pointed out that, taking Steve Jobs as an example, he may only state in the document that all property has been left to the trust institution for management according to relevant trust regulations, and trust regulations are generally not disclosed.

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