Dynasty Trust

What makes a dynasty trust different from other types of trusts?

A dynasty trust is designed to last for multiple generations, potentially hundreds of years depending on state laws, while most other trusts have shorter terms. These trusts can help minimize estate taxes at each generational transfer and often include spendthrift provisions to protect assets from beneficiaries' creditors. Dynasty trusts also typically allow for more flexible distribution terms that can adapt to changing family circumstances over time.