Nick Nurse has pulled pages out of Denver's playbook, remaking Philadelphia's offense in the image of last year's champs. Advertisement. › sports › lakers › la-sp-lakers-buss-kids-20170303-story. So this means: (1) the trust ceases to exist after the death of the last Buss kid or (2) the trust/trust property (ie the Lakers) turns into a charitable trust where the RAP doesn’t apply and there is a “trust manager” who will operate the trust with the charitable intent of the grantor (for several reasons, this is highly unlikely) or (3. family trust, with a 66% ownership stake in the team. Jeanie Buss, the daughter of Dr. LOS ANGELES: A behind-the-scenes battle for control of the NBA’s Los Angeles Lakers has gone public with Jeanie Buss’s lawyer saying she had rebuffed an initial bid by brothers Jim and Johnny. Free Agency. : Assistant Coach of the Eastern Kentucky Colonels. Los Angeles Lakers (1948-Present) Pacific Division • Staples Center • Owner: Jerry Buss Family Trust • Head Coach: Luke Walton Profile: 60 Playoff Appearances 23 Division Titles (Most Recent: 2012) 16 NBA Championships (Most Recent: 2010) Retired Numbers: Wilt Chamberlain's #13, Elgin Baylor's #22, Gail Goodrich's #25, Magic Johnson's #32,. Kurt Rambis. Each sibling has a vote but Jeanie Buss is the managing owner and President of the franchise. Presumably, Jim Buss’s net worth is around $150 million. A. Los angeles lakers buss family trust. Buss family. A single family home is located on a lot of 0. Advertisement. Free Agency. Buss brothers Johnny, Jim trying to bust family trust, sister Janie says › nba › story › janie-buss-says-brothers-jim-johnny-trying-. Nick Nurse has pulled pages out of Denver's playbook, remaking Philadelphia's offense in the image of last year's champs. Study with Quizlet and memorize flashcards containing terms like 17 - tied with the Boston Celtics for the most The last time they won a championship was 2020, Fred Vogel, 1947. Anschutz, 81,. And you don't have to know much about estate planning to know why team owner Jerry Buss's succession plan was unlikely to succeed. 5 billion, and they continue to be one of the most influential families in sports. His father, Lydus, abandoned Buss and the rest of his family when Jerry was a young child. A court hearing has been set for May in which Jeanie’s lawyer will seek to prevent any future attempts by Jim and Johnny to seize control of the Lakers or dissolve the Buss family trust, which. Kurt Rambis. Buss family faces crucial moment with the Lakers. From the Los Angeles Times: According to a person familiar with the situation, Jim Buss resigned as co-trustee Thursday as part of a requirement by Jeanie. Jeanie Buss Was Very Close With Both of Her Parents, Jerry & JoAnn Buss. 0Greg Tomlinson, a Buss Family friend, speaks during a memorial service for long-time Lakers owner Dr. The Buss Family trust has a reported net worth of around $4 billion. Both are cited by team sources as smart and diligent in. A Great Depression-era child living at the poverty line in Wyoming, Gerald Hatten "Jerry" Buss experienced. Thousands of family and friends were in attendance at a memorial service for Jerry Buss on Thursday at the Nokia Theatre. Both Johnny and Jim resigned as trustees of the family trust and from the NBA team’s board of directors after severe internal. Here's a look at each of. en. All in the Family. "Buss family faces crucial moment with the Lakers". Jim Buss Personal Life. Deborah A Cartwright. The Registered Agent on file for this company is Holly Buss and is located at 4126 E Rancho Tierra Dr, Cave Creek, AZ 85331. The Lakers and the Buss family are in a very odd space right now. Leave a Comment / Uncategorized / By test42081979 Blackjack Classic 18 150 RODADAS GRÁTIS PARA REGISTROLOS ANGELES (KABC) -- Two weeks after Jeanie Buss fired her brother Jim from his position with the Lakers, a legal battle is brewing over which family members will ultimately control the team. Jeanie Buss took control of the Lakers in 2013 following the death of their father, Jerry Buss. But the team has underperformed since that. Johnny Buss. Taking a look at the Buss family - Los Angeles Times › sports › lakers › la-sp-lakers-buss-kids-20170303-story Mar 3, 2017 ·. Two years ago, a family battle over controlling ownership of the Los Angeles Clippers was resolved in probate court. Kurt Rambis. Jeanie Buss. Taking a look at the Buss family - Los Angeles Times › sports › lakers › la-sp-lakers-buss-kids-20170303-story Mar 3, 2017 · Jim Buss maintains his 11% stake in the team's ownership. Six Buss children serve as co-owners of 66 percent of the franchise, which they inherited when their father, Jerry Buss, died in 2012. 2016-2017 Buss Family Trust Mitch Kupchak/Rob Pelinka Luke Walton 2015-2016 Buss Family Trust Mitch Kupchak Byron Scott 2014-2015 Buss Family Trust Mitch Kupchak Byron Scott 2013-2014 Dr. In order to be the controlling owner — a role the four trusts through which the Buss family owns 66% of the Lakers require her to fill — she has to also serve as a director. his six children inherited a family trust that owns 66% of the Lakers. We would like to show you a description here but the site won’t allow us. 0001584518-19-000005. Since the death of Jerry Buss the Lakers have been run by Jeanie Buss, Jerry’s daughter, pursuant to the Trust. Jim Buss. Advertisement. When former Lakers owner Jerry Buss died in 2013, he left his six children with a family trust owning 66 percent of the team, according to the Los Angeles Times. . he also lost his place in both the Lakers board of directors as a trustee of the Buss family trust. A Lakers and the current owner of the team, she dated Phil Jackson. Jim Buss. Owner since: 2010;. › sports › lakers › la-sp-lakers-buss-kids-20170303-story. 7922 La Jolla Scenic Drive North Karen Kay Buss, Paul P Buss and three other residents. The late Jerry Buss purchased the team with the Los Angeles Kings hockey and The Forum for a combined $67. Jeanie Buss is the controlling owner and President of the Los Angeles Lakers. The team cannot be sold off in smaller pieces, only in its two-thirds entirety, according to longtime Buss family spokesman. Who are the members of the Buss family trust? Does the Buss family own Staples Center? Taking a look at the Buss family - Los Angeles Times. This means that Jeanie and her siblings each inherited 11% of the Lakers. Early History of the Buss family. Building coalitions. Teams. com › NBA But it was the same wish Jerry had carried for the past decade in his trust: His six children would inherit majority ownership in the Los Angeles Lakers from. But as the years went on, the Buss family failed to follow their dad's wish to ensure the team was always winning and competing for championships because of one bad team decision. Player Development Coach of the Philadelphia Sixers since 2018-2019 (Hired). Full Name: Michael Zarren. : Co-Owner of the Los Angeles Lakers from 2013. Los Angeles Times. Who are the members of the Buss family trust? Does the Buss family own Staples Center? Unrest Growing in Buss Family as Lakers Struggle to Rebuild. Advertisement. People also ask. hdr. ESPN. Standings. . Last updated: May 5, 2022. Such trusts are established in jurisdictions outside of the U. Even if the Buss family did want to sell their stake in the Lakers, it would not be easy. Jeanie Buss Family. Lakersi vladaju kao NBA prvaci nakon pobjede nad. When the team's legendary former owner Jerry Buss passed away in 2013, he was still a 66% majority owner of the Lakers. Here's a look at each of their positions. Buss Family Trust, Los Angeles Lakers, Owner & Majority Owner - RealGMWhile there have been no signs that the Buss family would like to sell — a sale that all the Buss siblings would have to agree to, as their 66% ownership of the team is in a trust that cannot be. hdr. — Ramona Shelburne (@ramonashelburne) March 3, 2017. The trust battle between the Buss siblings over control of the L. family trust, with a 66% ownership stake in the team. Advertisement. The trust, however, states Jeanie Buss is the controlling owner and as controlling owner,. On Friday, attorney Adam Streisand filed a petition in Los Angeles Superior Court for a temporary restraining order and preliminary injunction on behalf of his client, Lakers controlling owner. - Pamela J. (Katie Falkenberg / Los Angeles Times) Five years later, just two seasons after winning a 17 th title. Kurt Rambis. wikipedia. By John Ireland. Rattling off 10 championships before his passing in 2013. Los angeles lakers buss family trust, slot gratis novomatic. The three siblings. Barely more than two years ago, the team won a title with Jeanie Buss at the helm. Buss brothers Johnny, Jim trying to bust family trust, sister Janie says › nba › story › janie-buss-says-brothers-jim-johnny-trying-. Pera (2012–present)Over 100,000 Movies 420,00 Scenes with Previews Try it for $2. March 27, 2017 12:47 PM. Also as part of the trust, Jeanie’s brother Jim was named head of basketball. Jerry Buss purchased the Lakers back in 1979, he turned a perennial second-place franchise into a pillar of excellence. . See all results. Each child received an equal interest in. Parcel ID 3467321800 owner name was listed as Buss Family Trust 07-11-05. › sports › lakers › la-sp-lakers-buss-kids-20170303-story. Hot News; People. Dr. 21, 2013 in Los Angeles. Johnny Buss. When Jerry Buss died in February 2013, the legendary Lakers owner left his six children — each with an equal vote — in charge of a family trust, with a 66% ownership stake in the team. Buss family. Jeanie Buss took a flamethrower to the Lakers front office Tuesday, purging 76 years of experience and bringing in Magic Johnson to clean up the wreckage. Janie and Joey. Another 240 words (17 lines of text) covering the years 1195, 1220, 1273, 1379, 1500, 1771, 1804, 1804, 1875, 1804, 1826, 1859, 1834, 1845 and 1834 are included under the topic Early Buss History in all our PDF Extended History products and printed. Jim Buss’s net worth is approximately $150 million. NBPA Executive Director of the NBA Front Office since 2022-2023 (Hired). Buss's phone number, address, insurance information, hospital affiliations and more. Johnny Buss. The ill-fated takeover attempt cost Jim Buss his spot as a co-trustee for the four trusts through which the Buss family own 66% of the team. The Buss family is obviously hugely successful as a whole, but it’s kind of odd they haven’t amassed more personal wealth given the opportunities the Lakers present and the people ownership of. Who are the members of the Buss family trust? Does the Buss family own Staples Center? Taking a look at the Buss family - Los Angeles Times. Buss' total net worth isn't revealed yet, however, he is the equal recipients of his father will and ownership of Lakers. She gives a lot of credit to her parents as well as her two older brothers for helping to shape her into the young woman she has become. Explore Jim Buss's Bio-Wiki, net worth & salary in 2023. The couple has four children together — two elder sons, Johnny Buss (born in 1956), James “Jim” Buss (born in 1959), and two younger daughters in Jeanie Buss (born in 1961) and. According to a person familiar. txt : 20210528 0001209191-21-036520. Teams. Johnny Buss. 2016-2017 Buss Family Trust Mitch Kupchak/Rob Pelinka Luke Walton 2015-2016 Buss Family Trust Mitch Kupchak Byron Scott 2014-2015 Buss Family Trust Mitch Kupchak Byron Scott 2013-2014 Dr. The Lakers were coached by Frank Vogel in his second year as head coach. In 1891 there were 311 Buss families living in Kent. Daily Lines More The inside story of how Lakers controlling owner Jeanie Buss seized control of her franchise for good, after years of familial drama -- and months. The Buss family would certainly receive north of $4 billion if the franchise was put on the market today, though a bidding battle may push it much higher. Majority. He spent years as the head of the basketball operations and undoubtedly earn millions for his work. Whereas, Dr. On February 21 Jeannie Buss, the L. Basketball; Football; Baseball; Soccer; Hockey; Forums; Betting; Tickets; Menu NBALos Angeles Lakers je profesionalni košarkaški klub iz Los Angelesa, Kalifornije koji igra u NBA ligi. Jerry Buss Family Trusts and Philip Anschutz, Los Angeles Lakers: $11. Jeanie Buss sits in the stands at Staples Center during a Lakers all-access event for fans. Jim Buss. A: In 2006, Dr. Co-Owner. Jerry Buss’s marital status is that he is married. His intentions were actually far more modest. Buss definition: . "Buss family faces crucial moment with the Lakers". family trust, with a 66% ownership stake in the team. Jerry Buss, the late Lakers’ owner, runs the franchise. Connie's strategy helped me get full price after 4 days. More. Jim Buss. A. The ill-fated takeover attempt cost Jim Buss his spot as a co-trustee for the four trusts through which the Buss family own 66% of the team. Planning a celebration such as a wedding or family reunion or a team building event? Transportation for your guests can make a huge difference in their experience, especially. She was opposed to the titles typically used by women running schools – such as Principal and Superintendant – as she thought they conveyed a lower status. com › NBA. Net worth. Another 240 words (17 lines of text) covering the years 1195, 1220, 1273, 1379, 1500, 1771, 1804, 1804, 1875, 1804, 1826, 1859, 1834, 1845 and 1834 are included under the topic Early Buss History in all our PDF Extended History products and printed products wherever possible. Other information regarding Jim’s earnings is still not disclosed by him. The Buss family has owned the Lakers for a long time; Dr. In her longest explanation of events that led to her ousting. Not ever. › sports › lakers › la-sp-lakers-buss-kids-20170303-story. accident lawyer. On Campus; SBJ Atlas; SportTechie; Newzoo; Leaders in SportChowchilla bus kidnapping:. Los Angeles Times. Buss family trust […]Long answer: Jim, Johnny and Jeanie are the three trustees for the Buss family trust which owns 66 percent of the Lakers. Jerry Buss, the longtime patriarch of the Los Angeles Lakers and the greatest owner in this history of professional sports, passed away on February 18, 2013 at the age of 80. Jerr lakers owners, gms, and coaches Lakers owner Jeanie Buss said she didn’t date Dennis Rodman back in the day, but the pair did have an. Here's a. Advertisement. And there are six Buss children (as part of that ownership trust). April 19, 2014 4:28 PM PT. Teams. Janie Buss, the younger sister of Lakers controlling owner Jeanie Buss, believes that her two older brothers are trying to bust the family trust so they can sell their interest in the franchise. Standings. So, the Buss family trust is now worth an estimated $1. The Lakers rode a 57-25 record to a third straight NBA Finals trip, and a second in three years against the loathed Boston Celtics. Under the ownership of the Buss family, the franchise won 10 championships with Jerry leading the pack and one with his daughter,. A trust is a legal entity set up by an individual (known as the settlor) which allows another person to benefit from an asset without being its legal owner. FAQ on Lakers and Buss family drama - ESPN Full Scoreboard » ESPN NBA Home Scores Schedule Standings Stats Teams Players Daily Lines More After an apparent coup attempt within the Buss. According to a person familiar with the situation, Jim. Different information concerning Jim’s compensation keeps not being revealed by him. Early History of the Buss family. Remarks: /s/ Michael O. Scores. Job History. sgml : 20210528 20210528160830 ACCESSION NUMBER: 0001209191-21-036520 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210525 FILED AS OF DATE: 20210528 DATE AS OF CHANGE: 20210528. Buss Family Trust Current Team: Los Angeles Lakers Job Title: Owner & Majority Owner Change staff? Job History Owner of the Los Angeles Lakers since 2013-2014. Who Are Jerry Buss’ Sons? When Jerry Buss purchased the LA Lakers from former owner Jack Kent Cooke in 1979, he was divorced from his first wife, JoAnn Mueller. Players. How much is the Buss family trust worth?. Her personality is not as flamboyant, but, like him, she isn’t a micromanager. Jim Buss (James Hatten Buss) is a part-owner and a former executive vice president of basketball operations of the Los Angeles Lakers. The trustee is Jerry's daughter, Jeanie Buss. Jerry Buss owned 66% of the Lakers and therefore, each one of his children owned 11% of the Lakers. Does the Bus family still own the Lakers? Yes, the Los Angeles Lakers are still owned by the Buss Family Trust, with Jeanie Buss, as the controlling owner. BUSS BRAD W & DEBORAH C TRS. Here's a. The team cannot be sold off in smaller pieces, only in its two-thirds entirety, according to longtime Buss family spokesman. The Lakers governor told The Athletic’s Sam Amick that even though the Buss family has tried to be an “open. family trust, with a 66% ownership stake in the team. Buss Family Trust dated September 24, 19 Connie did a awesome job! - Michael B. reports. Current Team: Los Angeles Lakers. Buss family. At that time, Jeanie Buss was appointed to run the business side of the team, while Jim Buss handled the operations department as the team's executive vice president. This case was filed in Los Angeles County Superior Courts, Stanley Mosk Courthouse located in Los Angeles, California. Jim Buss. Buss brothers Johnny, Jim trying to bust family trust, sister Janie says › nba › story › janie-buss-says-brothers-jim-johnny-trying-. Advertisement. After a dispute with Jeanie over ownership of the team, he was removed as a trustee of the Buss family trust and lost his position on the Lakers board of directors. Jerry Buss massive wealth of $600 million was also distributed among six children via a family trust. Taking a look at the Buss family - Los Angeles Times › sports › lakers › la-sp-lakers-buss-kids-20170303-story Mar 3, 2017 ·. American. By 2011 Buss Family Trust: Class A Common Stock: 70,000: I: By: Buss Family Heritage Trust dated December 24, 2020, Bradley Buss and Deborah Buss as Trustees. Jerry Buss owned the club (and Jeanie worked under him), a Michael Jordan-led Chicago Bulls obliterated a Magic Johnson-led Lakers franchise 4-1 in the 1991 NBA. More. After Jim’s father’s death, Jerry, his $600 million, and more assets were divided by their family trust into equal parts among the Buss siblings. 0Buss arranged to pass his 66 percent controlling ownership in the Lakers to his six children in one entity via his trust. Being the most successful owner in sports history isn’t what Dr. family trust, with a 66% ownership stake in the team. Johnny maintains that his intention was never to usurp his sister's authority. ESPN. Standings. Here's a look at each of their positions. Stats. On February 21, 2017, Buss was fired as head of basketball operations of the Lakers, though he continued to be a part owner of the team. This web page shows only a small excerpt of our Buss research. bleacherreport. Only around 30% of family businesses survive the death of their founder; just 16% make it to the third generation; and by the fourth. Both were removed as trustees of the Buss Family Trust, replaced by their sister Janie and half-brother Joey. : Assistant Coach of the Austin Spurs from 2019-2020 (Hired) to 2021-2022. Stats. Daily Lines. Dr. [Buss family] trust. sgml : 20180507 20180507152452 ACCESSION NUMBER: 0001494730-18-000003 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180507 FILED AS OF DATE: 20180507 DATE AS OF CHANGE: 20180507. The Buss family’s wealth began with their patriarch, Jerry Buss. Her younger. Early Life and Family. The Buss family name was found in the USA, the UK, Canada, and Scotland between 1840 and 1920. Net worth: $500 million. Los Angeles Times. Here's a look at each of their positionsSpread per day. Jeanie accepted LBJ lead plan for WB and definitely at least as sorry as any of you folks that it did. Los Angeles Times. Rattling off 10 championships before his passing in 2013. 5 million in 1979 from Jack Kent Cooke. HENDERSON. All estate-planners know the grim statistics on family business succession. Dr. Video Coordinator of the Louisville Cardinals since 2022-2023 (Hired). On 4th April 1850 the school admitted its first pupils and Buss became a head teacher at age 23. Buss family spokesman Bob Steiner emphasized the family's continuing control of the Lakers franchise in an interview with ESPN that day, explaining that the team is now controlled by a collective trust that benefits Dr. Jerry had four children with his ex-wife Joanna (Johnny, 60; Jim, 57; Jeanie, 55; and Janie, 53), and two with his long-time girlfriend Karen Demel (Joey, 32; and Jesse, 29). B. Buss's 66% controlling ownership of the Lakers passed to his six children via a trust. Jeanie Buss is an American sports executive who has a net worth of $700 million. family trust, with a 66% ownership stake in the team. She was determined to have equality. It was a rock fight, and the teams headed into a seventh game. The Buss family has owned the Lakers since 1979, when the late Jerry Buss purchased the team. Buss's 66% controlling ownership of the Lakers passed to his six children via a trust. 9 Mar 2017 · Lakers controlling owner Jeanie Buss' sister Janie says her brothers Jim and Johnny are trying to bust the family trust to sell interest in. Early Life and Family. Define buss. The trusts mandate the co-trustees — Johnny, Jim and Jeanie — take all actions to ensure Jeanie Buss. TMZ just obtained a copy of Jerry's will, and he leaves just about everything to his family trust. 10068 Lake Canyon Ct. What percentage of the Lakers does the Buss family trust own? Jerry Buss - Wikipedia. Schedule. "Buss family faces crucial moment with the Lakers". The Buss Family Trust now owns the Lakers, with Jeanie Buss acting as the President. bleacherreport. When Buss died in February 2013, however, his controlling interest in the Lakers was passed on to his six children via a trust managed by sons Johnny and Jim as well as daughter Jeanie. A Família Buss Trust é uma empresa que tem como principal objetivo ajudar. Jeanie, Jim and Johnny were co-trustees of the four family. instructed its distribution through a trust with each of his six adult children receiving an 11% share. , such as the Cook Islands, which provide more stringent protection for trusts and their assets. 99Jeanie Marie Buss is the controlling owner and president of the Los Angeles Lakers of the National Basketball Association (NBA). Dr. Properties. Taking a look at the Buss family - Los Angeles Times › sports › lakers › la-sp-lakers-buss-kids-20170303-story Mar 3, 2017 ·. 5 billion, and they continue to be one of the most influential families in sports. Buss's 66% controlling ownership of the Lakers passed to his six children via a trust. Find Dr. Buss was a real estate investor who made his fortune in the 1960s by buying up property in Southern California. Standings. It has one unit. Well before his passing on Feb. ”. Net worth: $500 million. Mar 3, 2017 ·. Jeanie has been scrutinized for her very public disparaging of the team, defense of players, and poor performance on the court. bleacherreport. On February 21, 2017, Buss was fired as head of basketball operations of the Lakers, though he continued to be a part owner of the team. Jerry Buss. Jeanie Marie. After Jim’s father died, their family trust divided Jerry’s $600 million and other assets among the Buss siblings in equal parts. Mar 3, 2017 ·. "The entity can't be. We go inside her. Complexity: Setting up and managing a trust can be complex and generally requires professional assistance. Head Coach of the Detroit Pistons from 2019-2020 to 2019-2020. S. . Buss's 66% controlling ownership of the Lakers passed to his six children via a trust. The franchise was worth more than $1 billion and enriched by a lucrative $5 billion, 25-year TimeThe Lakers organization will stay in the Buss family in the wake of owner Jerry Buss' death Monday. 1. Here's a look at each of. Blackjack Classic 18 150 RODADAS GRÁTIS PARA REGISTRO, buss family trust. Jeanie allowed it is complicated given Jim’s status as one of the shareholders—the Buss family trust, comprising six of Jerry’s children, owns 66 percent of the Lakers—and how she is an. Jeanie Buss. Miller, who has an estimated net worth of $1. He says. Lakers controlling owner Jeanie Buss' sister Janie says her brothers Jim and Johnny are trying to bust the family trust to sell interest in franchise. Los Angeles Times. The new Act “permanently” left the exemption amount at $5 million ($5. Not now. The Buss Family Trust owns 66% of the Los Angeles Lakers. Buss family. Defensive Associate of the Minnesota Timberwolves from 2020-2021 to 2020-2021. By Mike Bresnahan. Mar 3, 2017 ·. Buss family. Buss family. She listens, offers counsel or an opinion, and has complete trust in her employees to do the job she hired them to do. The ownership stake held by the Buss family will now be held in a trust. Teams. Buss' controlling ownership of the team is now owned by a trust for the benefit of the six children, Black said, and the trust will be managed by Jeanie, Johnny and Jim Buss. Magic was joined by Rob Pelinka, whose proximity to Kobe Bryant for more than a decade made him a natural extension of the Lakers family. NV 89052. He is the second son of Jerry Buss. Roski, and Patrick Soon-Shiong (minority) Affiliation(s)Bio/Wiki-Tables1 James Hatten Buss, also known as Jim Buss, is a partner and former executive vice president of the Los Angeles Lakers of the National Basketball Association. At age 19, she started in the family business as general manager of the Los Angeles Strings professional. In the documentary, the Buss children told their stories and shared their. James Hatten Buss is a part-owner and former executive vice president of basketball operations of the Los Angeles Lakers in the National Basketball Association . His passing teaches us many lessons about estate and business planning. They don’t have a Microsoft stock that pays them hundreds of millions, they don’t. From the Los Angeles Times: According to a person familiar with the situation, Jim Buss resigned as co-trustee Thursday as part of a requirement by Jeanie Buss to resolve the dispute. Jeanie Buss. A family trust, also known as a “by-pass trust,” is a trust created by a married couple with a large estate for the purpose of avoiding federal estate taxes when the first. Mar 3, 2017 ·. pdf) or read online for free. (Henry) Buss descendants, 1805-1978. owners, Dr. All six of his children have been involved in.