Sunday, October 6, 2013
For those who have yet to see the Breaking Bad finale stop reading here. During the show, Walter White is trying to protect his assets. He tries to accomplish this goal by breaking into his former partner's home to give him money to create a trust for Walter's son. David Gair authored an article entitled "Breaking Bad and Tax Planning" that delves into the creation of the trust. He points out that the cash's source is illegal, had it not been illegal then White and his wife could have provided their child more than $10 million in tax free and even more with other estate planning tools.
See Kelly Humke, Estate Planning Featured in the Series Finale of Breaking Bad, Wealth Strategies, Oct. 4, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.