Dynasty Trusts for Intergenerational Planning: One purpose of a Dynasty Trust is to avoid the rule against perpetuities that requires trust to distribute its assets to individual beneficiaries within a period determined by statute.
A Dynasty Trust can eliminate the impact of successive taxation at each generation and provide asset protection against future creditors. It can accumulate funds more rapidly in a no income tax state (Alaska, Nevada, Delaware (non-resident beneficiaries). It should be able to change without court approval.
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By: Scarinci Hollenbeck
Title: Part III: Tax Issues That Impact Your Wealth; Estate Planning & Dynasty Trusts
Sourced From: www.youtube.com/watch?v=36mh1dlJloQ
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