Skip navigation
TE0819-hughes.jpg

The Often Unexpected Consequences of The Creation of a Perpetual Trust

How beneficiaries will be affected.

Many U.S. attorneys and financial planners continue to recommend that their clients create perpetual trusts, frequently referred to as “dynasty trusts.” While there are a number of reasons that might propel an individual to create such a trust, the primary motivating factor has been to avoid the federal generation-skipping transfer tax on the assets of trusts for later family generations. Spurred by this method of tax avoidance, a cottage industry in perpetual trusts has come into being. It’s

ARTICLE ACCESS REQUIRED

Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).


If you are interested in unlimited article access for one year, please select Annual Subscription below.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish