The Waltons Are Moving Billions to the Next Generation Through a Trust Named After Jackie Kennedy’s Will. It Pays Charity First, the Heirs Second, and the IRS Close to Nothing

Quick Read The 'Jackie O. trust' pays charity first for a fixed term, then passes remaining assets to heirs with a gift-tax value engineered close to zero. The Waltons reportedly fund CLATs with concentrated Walmart founder stock, betting appreciation above the IRS's assumed rate passes to heirs tax-free. CLATs only make sense for estates above $15,000,000 with genuine charitable intent; today's 5% Treasury yield raises the hurdle significantly. Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor) If your estate plan ever brushes up against the federal transfer tax, there's a structure named for a famous will you probably haven't heard called by its technical name: the charitable lead annuity trust, or CLAT.