A dynasty trust is a trust that you set up now for purposes of transferring your legacy onto the next generations. And what it does is it gives you the ability to structure your estate plan on a generation by generation basis, without the future generations having to pay any estate taxes. It also protects against divorce and creditors among your children and grandchildren.
I'm Jeff Matsen and I'm the founding and managing partner of Wealth Strategies Councel. We help people preserve, protect and transfer their legacy to the next generation in the most cost saving and efficient manner possible.