I wrote in my last post about using an asset protection trust to protect a specific beneficiary who might have need protection, for example from a substance abuse problem.  Sometimes we implement multigenerational trusts not to protect against the problems of a specific trust but to provide a management or tax planning structures for family wealth.  This is what is commonly called a “Dynasty Trust”.   Such a trust is one that continues for the maximum term possible.  There can be estate tax … [Read more...] about Asserting Control and Exercising Care over Multigenerational Wealth