How Twitter Insiders Cut Their Taxes

Twitter’s elite aren’t just planning the firm’s initial public offering. They are protecting their estates.

The social-networking company’s chairman, Jack Dorsey, is 36 years old, while Evan Williams, the largest individual shareholder, is 41, and Chief Executive Richard Costolo is 49. All three men have been making canny estate-planning moves, according to information from the IPO documents.

The moves could save Dorsey, Williams and Costolo a total of at least $115 million, and perhaps far more, in federal estate tax at current rates, assuming a Twitter offering price of at least $28 a share.

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