The industrialist and philanthropist, John D. Rockefeller, rose from his humble beginnings as an assistant bookkeeper for a Cleveland commission merchant, to become one of the wealthiest men in the United States. He is considered to be one of the richest people in history. Rockefeller founded Standard Oil Company, which now know today as Exxon Mobil.
In 1917, he gave his only son, John D. Rockefeller Junior, $460 million in trust for his children and grandchildren.
John D. Rockefeller did not accumulate the fortune for his son and grandchildren to spend their inheritance on lavish parties, five figure shopping sprees, and gambling habits of careless children and grandchildren. Over 100 years later — through 6 Generations and 70 heirs…today, the Rockefeller Fortune is valued at an estimated $340 billion.
He protected his wealth by putting it into trust, which you can do by retaining our attorneys at Losavio & DeJean.
Do not leave your legacy for your children to chance… use a trust to protect the wealth throughout generations. To learn more about trusts and how you can protect your wealth, contact Peter J. Losavio, Jr., Board Certified Estate Planning Specialist, at (225) 769-4200.