GST Dynasty Trust

The Dynasty Trust is a vehicle for investing family wealth tax efficiently and then distributing the wealth to heirs most effectively. The primary objectives of a Dynasty Trust are to (1) avoid estate, gift, and generation-skipping taxes on assets transferred to many future generations of family members, (2) receive gifts of assets that are invested to benefit the trust-maker or the trust-maker’s family, and (3) establish a governance system to pass on the values of the trust-maker before passing on the value of the trustmakers estate. In particular, governance documents typically require that families meet for family meetings so that family leaders can share family stories and pass on a spiritual and emotional inheritance before passing on a financial inheritance.