Estate planning purposes? Pinch is only 56 years old.
I suspect the article has it half right. The apartment is worth $6.5 mill..it was probably jointly owned..He “sold”..actually..transferred..the title to his wife...technically it’s a sale...all perfectly legal..this way you can direct ownership at death into a trust..as oposed to automatically loading up the surviving spouse’s estate..The transaction is perfectly legal and makes a lot of sense..