Dynasty Trust

Ask your parents about Dynasty. Came after Dallas. Legendary losers of love and lore.

A dynasty trust is only for those wealthy enough to have the gall to call their bloodline a “dynasty.”

Eh, okay. A dynasty trust is called a dynasty trust not only for the sake of flashiness, but because it’s a trust that’s written to pass wealth through the generations. That means not just to your kids, but your grandkids, and their kids, and so on and so on (assuming we’ll all still be around by then).

Why bother with a dynasty trust? Wealthy folk who get a dynasty trust can avoid transfer taxes, and the hoarded wealth gets handed from generation to generation, so long as the assets stay in the trust. Without special tax avoidance clearance, handing over an estate usually means having to pay an estate tax, and large sums of money are typically subject to a gift tax when given to someone else.

No joke, a dynasty trust could last over a century, and it can’t be changed once the rules of it are set, even by the trust grantor. So no need to worry about pissing off mom and pop...dynasty trust rules are basically written in stone.