The Benefits of Dynasty Trusts
Friday, November 06, 2009
Using Dynasty Trusts to Protect Your Family's Future
Dynasty Trusts, also known as long term discretionary beneficiary trusts, are long term trusts designed to protect the intended beneficiaries. They offer substantial asset protection and work to avoid repeated taxation as assets are transferred from generation to generation. Michael A. Chiantella is a Venice & Sarasota Estate Planning Attorney that specializes in Dynasty Trusts due to their countless benefits for both the client and their loved ones.
Why Dynasty Trusts?
Today's tax system levies taxes on estate and gift trusts every time they change hands from one generation to the next. Dynasty Trusts are designed to avoid these taxes by creating a second estate that can outlive most of the family members, and continue providing financially for future generations.
Dynasty Trusts are long term trusts created for the descendants of all generations in a family. Dynasty Trusts are designed to survive up to 21 years beyond the death of the last beneficiary alive when the trust was written.
To learn more about Dynasty Trusts, or
Venice Estate Planning, call Michael A. Chiantella at 1-941-488-1779 or
click here to contact us online.
Michael Chiantella
11/6/2009 11:56:00 AM
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