According to Forbes' 2011 list of America's 400 richest people, Jobs' personal net worth is $7 billion.

Jobs was born in Silicon Valley in the United States in 1955. His biological mother, Joanne Simpson, became pregnant out of wedlock. Because her parents strongly opposed her marriage, Jobs' biological mother went to California to give birth alone and gave her away.

Later, his biological parents gave birth to a daughter.

At the age of 36, Jobs married Laurene Powell, an MBA from Stanford University's Graduate School of Business, and they had a son and two daughters.

In addition, Jobs also gave birth to a daughter, Lisa, with his ex-girlfriend Brennan.

With such a complicated family relationship, it would be a big problem for Steve Jobs to inherit his estate without a will.

The inheritance tax in the United States is complex and high. According to statistics from the American Federation of Independent Business, 70% of farmers and family business owners are unable to pass their business to the next generation because of the high inheritance tax.

According to foreign media reports, most of Jobs’ estate was handed over to trust institutions for disposal through testamentary trusts.

According to land records, Jobs and his wife, Laurence, owned three properties together, which were handed over to two different trusts in March 2009.

According to U.S. Securities and Exchange Commission documents, Jobs’ Disney stock totaling $4.6 billion has been entrusted to the Steven P. Jobs Trust for management, with Lauren as the trustee.

A testamentary trust is a will made by the testator (trustor), stating in the will that all or part of the property will be set up as a trust, and a trust company (trustee) will be entrusted to execute the trust-related matters according to the contents of the will a hundred years later to complete the process.

Distributing the estate and caring for the heirs (beneficiaries).

Rich people choose testamentary trusts as a way to plan their estate after death. The first need is to plan the operation of the estate in advance because the heirs are young, old, or unable to take care of the property themselves for other reasons; the second need is that the heirs are not enough.

People who feel at ease can better continue their inheritance through third-party management of property; the third need is to avoid family disputes over property and properly take care of future generations.

In this case, packaging the inheritance through a trust can play the following roles: 1. Prevent others from misappropriating the inheritance, and the inheritance can be distributed according to the will of the trustor; 2. Avoid losses caused by taxes to a large extent, and

It has the effect of saving taxes; 3. The management and operation of the estate through the trustee of a professional institution is very effective in preserving and increasing the value of the estate; 4. It ensures that the beneficiary has financial support for a longer life in the future and will not be short-term.

They squander money so much that their future life cannot be guaranteed.