[simonebrunozzi]

That's a fair question. I am not a lawyer or accountant or anything in that field, but I can try to answer anyway.

1) Often trusts and LLCs are used for liability protection and anonymity; you see this used by investors owning multiple residential real estate properties.

2) Your comment on tax is interesting; of course, capital gain in the US is taxed at 20% (plus your state), while income tax gets to roughly twice that. So, potentially, that could be a way to reduce how much taxes you will pay.

However, in relation to #2, I doubt that Moskovitz really cares to save 100k-200k a year in taxes. It's probably more about #1.

Again, this is my $0.02. Please correct me or improve my comment if you know the subject more than I do.

[dmoy]

Trust tax brackets are steep enough that income tax and cap gains benefits are negligible. Anything that could be done in a trust w.r.t. cap gains could also be done as an individual, so there's no win there.

Inheritance tax benefits might be substantial though.

You're probably very right about the liability and anonymity aspects.