| Dynasty Trust |
| This trust is often also called a perpetual generation-skipping trust or a legacy trust. This trust is either created as irrevocable or become irrevocable upon the death of the grantor. This kind of trust is generally used for the very wealthy who have a desire to provide for several generations down the line (including unborn) and are concerned about federal estate taxes. It is possible for this kind of trust to last in perpetuity, provided it is set up correctly. |
| Copyright 2005-2006 by FreeRealEstateLaw.com and Charles E. Marunde |
| Estate Planning & Asset Protection |
| Learn on this site how to do good estate planning and good asset protection. Learn also how to coordinate your business planning with your estate planning. |
| Back to FreeRealEstateLaw |