How one of the largest wealth transfers is being passed on nearly tax-free
Harold Hamm, the founder of Continental Resources, will pass a stake of his company worth $2.3 billion to each of his five children.
Source: financial-planning.com
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Shale king Harold Hamm is passing billions to his heirs tax-free
Harold Hamm executed one of the largest wealth transfers in U.S. history last week, handing each of his children a stake worth about $2.3 billion in Continental Resources Inc.
Source: accountingtoday.com
Estate Tax Revenue Collapses 50% as Ultra Rich Skip Out
Just 1,275 wealthy families paid $9.3 billion in estate tax to the U.S. Treasury in 2020.
Source: wealthmanagement.com