Dynasty Trusts: The Basics

A dynasty trust can offer significant benefits, but achieving these benefits is not simple. Crafting a well-constructed dynasty trust requires the planner to clear hurdles presented by various provisions of tax and trust law, including not only the federal estate and gift tax, but also the generation-skipping transfer (GST) tax, state fiduciary income tax and non-tax principles, including the common

A dynasty trust can offer significant benefits, but achieving these benefits is not simple. Crafting a well-constructed dynasty trust requires the planner to clear hurdles presented by various provisions of tax and trust law, including not only the federal estate and gift tax, but also the generation-skipping transfer (GST) tax, state fiduciary income tax and non-tax principles, including the common law surrounding creditors' rights to reach trust assets and the rule against perpetuiti

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