Anyone who likes to go hiking, biking or camping probably knows what Gore-Tex is. The breathable, waterproof fabric made W.L. Gore and Associates into a huge success. The privately-held company hit #134 in Forbes’ most recent list of America’s largest private companies, with an estimated $3 billion in annual revenue.  

Founder Bill Gore passed away in 1986 and his widow, Genevieve Gore, died in 2005. The couple, way back in 1972, finalized a trust to pass most of their stock in the company onto the children, and ultimately their grandchildren.  They smartly planned ahead, realizing how valuable their Gore-Tex invention could become and how much growth their stock could achieve. So they funded the trust through a holding company, early on, to minimize estate taxes.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access