Latest / BSPE Legal Marketing Podcast
What Is a Dynasty Trust? - Seth Schlessel
From Schlessel Law PLLC – What Is a Dynasty Trust? delves into the intricacies of dynasty trusts, a strategic tool for preserving wealth across multiple generations. This article elucidates how such trusts can offer tax advantages, asset protection, and sustained financial support for descendants.A dynasty trust is an irrevocable trust designed to pass wealth through multiple generations while minimizing or avoiding transfer taxes, such as estate, gift, and generation-skipping transfer taxes. Unlike traditional trusts that eventually distribute assets and terminate, a dynasty trust can…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.