A Dynasty Trust is a multi-generational trust designed to preserve an estate when passed from generation to generation. Like a Living Trust, the assets in a dynasty trust will avoid probate. The assets, however, remain in this specially designed trust, giving the heirs all the use of these assets, but never taking outright ownership. This seemingly insignificant difference can have very significant consequences:
1) The assets within the trust are protected from estate taxes for as long as state law allows.
2) The assets within the trust are fully divorce protected.
3) The assets within the trust are fully creditor protected.
We are affiliated with expert attorneys who will make recommendations as to the use or need of a Dynasty trust for your situation.