Dynasty Trusts

An effective strategy to protect assets for other family members is by utilizing a Dynasty Trust. A Dynasty Trust is an irrevocable trust which is designed to hold many different types of assets for the benefit of third parties.

An individual can transfer significant wealth to a Dynasty Trust which will give the beneficiaries of the Dynasty Trust a level of asset protection insofar as the assets held in trust for their benefit will not be subject to the reach of potential creditors because the beneficiaries will not have direct ownership of the trust assets.

Additionally, if properly structured, a Dynasty Trust will avoid transfer taxes (generation skipping transfer tax and estate tax) at each generation, as the assets will not be included in the estate of the beneficiary upon the beneficiary’s death. Therefore, any appreciation in assets generated by trust property until the beneficiary’s death will be exempt from estate tax, as long as those assets remain in trust for future generations. Under Florida law, these trusts can last as long as 360 years.

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2500 North Military Trail, Suite 460
Boca Raton, Florida   33431
Phone: 561-392-1800

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2500 North Military Trail, Ste. 460 Boca Raton, Florida   33431 Phone: 561-392-1800 Directions