Dynasty Trust

As the name suggests, a dynasty trust allows individuals with significant wealth to provide for multiple generations of descendants.

Typically, a dynasty trust is (a) structured to last the maximum term permitted by law (in perpetuity in some states) allowing trust assets to remain un-depleted by transfer taxes for the entire term of the trust, (b) irrevocable and includes a spendthrift provision which protects trust assets from spendthrift beneficiaries, ex-spouses, and unforeseen creditors and lawsuits, and (c) funded with amounts that take full advantage of the grantor's gift and estate tax basic exclusion amount and generation-skipping transfer (GST) tax exemption.

The result: the depletion of trust assets is minimized, asset growth potential is maximized, and principal is preserved to benefit future heirs.

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