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Dynasty Trust
A Dynasty Trust is designed for long-term, multi-generational wealth planning. It allows wealth to grow and be passed down to grandchildren and great-grandchildren without incurring generation-skipping transfer taxes.
Key Benefits
- Avoids estate taxes at each generational transfer
- Protects family wealth from descendants' creditors, divorces, or poor financial decisions
- Ensures the family legacy and core values are preserved over centuries
- Can be established in states with highly favorable trust laws
Often Used For
Multi-Generational FamiliesFamily Wealth PreservationLegacy Planning
Common Use Case
Perfect for families wanting to create a 'family bank' that supports the education, healthcare, and well-being of future generations indefinitely.
Cost Expectation
Requires advanced planning and often corporate trustees, leading to higher setup and ongoing administration fees.