Pecora the children may not be but Gina certainly is which is why she doesn't want to break up the trust.
She is using the tax laws regading trusts to avoid paying capital gains tax and from what has been reported she wants the trust distribution delayed until 2060 something I for get the exact year.
In other words she has no intention of ever paying that billion dollars of tax in her lifetime unless she lives beyond 100 years old.
Dave R.
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