I don&#x27;t want to be totally negative on Zuckerburg. Maybe he will do good with the money. However:<p>An estate would not be taxed on the value of the LLC, the same way one he is not taxed on the value of his stock. It is taxed when sold. If he assigns family members as owners there would not be additional taxes when he passes away if the LLC&#x27;s money continues to grow.<p>&gt;11. Limited Liability Company (LLC) and Family Limited Partnership (FLP)
FLPs and LLCs let you reduce estate taxes by transferring assets like a family business, farm, real estate or stocks to your children now, and still keep some control. They can also protect the assets from future lawsuits and creditors.<p>&gt;Here&#x27;s how they work. You and your spouse can set up an LLC or FLP and transfer assets to it. In exchange, you receive ownership interests. Though you have a fiduciary obligation to other owners, you control the LLC (as manager) or FLP (as general partner). You can give ownership interests to your children, which removes value from your taxable estate. These interests cannot be sold or transferred without your approval, and because there is no market for these interests, their value is often discounted. This lets you transfer the underlying assets to your children at a reduced value, without losing control.<p><a href="https:&#x2F;&#x2F;www.estateplanning.com&#x2F;Understanding-Estate-Taxes&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.estateplanning.com&#x2F;Understanding-Estate-Taxes&#x2F;</a>