HOW TO CREATE AN ESTATE-TAX FREE LEGACY
A Dynasty Trust is a very unique tool for achieving incredible results in transferring assets to family members over many generations. Assets that stay in a Dynasty Trust over the many generations that the trust exists are not subject to estate tax – EVER!
By utilizing proper structures and mechanisms, assets may be able to be transferred into a Dynasty Trust without gift tax. Since Dynasty Trusts are meant to benefit future generations, there are generation skipping tax issues that can be effectively dealt with.
Dynasty Trusts pay annual income taxes on the undistributed net income that the Trust assets generate.
Although Dynasty Trusts are not available under the laws of most states, I can assist you to create a Dynasty Trust that your state, including New York, will acknowledge.
I use Dynasty Trusts very creatively which results in no gift tax, no generation-skipping transfer tax (GST), and no estate tax.
Please contact me if you are interested in learning more about very creative uses for Dynasty Trusts.