He successfully turned around the business, turning Grady-White Boats into the high-end recreational fishing boat company it is today. Estate Planning and Tax ConsiderationsThe tax implications of purpose trust structures are complex and depend heavily on specific design elements. It signals a potential shift in how successful business owners think about succession and legacy. By following Patagonia’s example and creating a purpose trust structure, Eddie ensures that Grady-White Boats will continue operating according to his principles while generating substantial charitable impact for decades to come. As more business owners explore alternatives to traditional sales or family transfers, purpose trusts may become increasingly common.