While some use it to cover their assets with a tax-free death benefit to their spouses or children, others are just as likely to go ahead and let the kids pay the taxes, the better to teach them a real world lesson on government confiscation of wealth.

FORBES

This week, as part of a 500-person layoff plan that we reported in October, Time Inc. let go of 25 staffers from the Sports Illustrated Group, which includes Sports Illustrated, Sports Illustrated for Kids, Golf magazine and their online counterparts.

FORBES: Layoff Tracker