Grantor Retained Annuity Trusts (GRATs) are legal trusts that allow asset owners to transfer appreciating assets to heirs with minimal or no gift tax. Phil Knight, Nike's founder, reportedly used a series of GRATs to pass billions in Nike stock to his heirs while paying almost no gift tax. GRATs work by placing assets in a short-term trust that pays back the original value plus interest; any growth above that interest passes tax-free to heirs. This strategy is effective for concentrated stock positions and other appreciating assets but requires careful setup and the grantor to outlive the trust term. Despite attempts, Congress has not changed the rules as of 2026, making GRATs a powerful estate planning tool for those with assets expected to grow beyond the IRS interest rate hurdle.
Tesla revealed its long-delayed next-generation Roadster prototype, set for production in 2028, marking its last human-driven car. Apple and Meta announced a collaboration allowing Meta's AI model Muse Spark to run on Apple's high-end Macs, signaling...
Nike announced plans to expand its presence in India by opening a new global campus in Bengaluru, aiming to tap into the country's growing sports market and manufacturing capabilities. This move is part of Nike's broader strategy to recover from a pr...
Nike has raised its dividend for 24 consecutive years, but this streak is at risk due to a shrinking business and free cash flow that no longer fully covers dividend payments. The company’s dividend yield is high at 4.48%, partly because its stock pr...
Shares of Nike jumped 5% amid a market rotation away from AI and tech stocks toward consumer discretionary names that have been underperforming. Lululemon also rose 4%, while On Holding lagged slightly. Nike's recent earnings showed mixed results wit...
