Dynasty Trusts can be an opportunity to pass significant wealth on to future generations. If structured properly, the assets of a Dynasty Trust pass with minimal gift, estate or generation-skipping transfer tax consequences. As we approach the sunset of the temporarily doubled Applicable Exclusion Amount at the end of 2025, practitioners and clients with significant assets, may want to explore whether a Dynasty Trust makes sense for them. My friend and colleague Tereina Stidd, an estate planning expert, looks into this planning strategy. Read on to learn more.
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes Read More!
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