Protect multiple generations with a dynasty trust
Abstract: Dynasty trusts have nothing to do with the popular soap opera from the 1980s, but everything to do with leaving a lasting legacy. Although this type of trust is often created to reduce estate taxes, it can also provide other benefits and protections for affluent families. Most important: A dynasty trust may last for multiple generations. This article details the tax and nontax benefits of a dynasty trust, with a sidebar answering three questions about these trusts.