A Dynasty Trust can be a powerful addition to an estate plan for families who want to preserve wealth for multiple generations.

A Dynasty Trust can be a powerful addition to an estate plan for families who want to preserve wealth for multiple generations. Rather than distributing assets outright to children or grandchildren, a properly drafted Dynasty Trust can keep assets protected in trust for decades, helping shield them from creditors, divorce, lawsuits, and poor financial decisions while allowing future generations to benefit from the trust according to your wishes. Depending on the assets involved and applicable tax laws, a Dynasty Trust may also help minimize transfer taxes over multiple generations. Families with significant investments, closely held businesses, real estate, or other appreciating assets should consider whether this long-term planning strategy fits their goals. An experienced lawyer can tailor a Dynasty Trust to your family’s unique circumstances and ensure it works seamlessly with the rest of your estate plan.

If you would like to talk about Dynasty Trusts or have any other estate planning questions, give us a call at 253.858.5434 to see how we can be of service.