{"id":311,"date":"2021-08-30T18:43:52","date_gmt":"2021-08-30T18:43:52","guid":{"rendered":"https:\/\/eblawgroup.com\/?page_id=311"},"modified":"2021-08-30T18:43:52","modified_gmt":"2021-08-30T18:43:52","slug":"what-is-a-dynasty-trust","status":"publish","type":"page","link":"https:\/\/eblawgroup.com\/what-is-a-dynasty-trust\/","title":{"rendered":"What is a Dynasty Trust?"},"content":{"rendered":"<p>A Dynasty Trust is a special trust established for those who desire to make full use of an individual\u2019s right to pass assets to grandchildren or other descendants and thereby skip a generation without the GST being imposed. Since the GST exemption applies to all individuals, married couples can shelter two times the GST exempt amount from GST taxes. This means that if you are married, you and your spouse can leave twice the GST exempt amount in trust for the benefit of succeeding generations in such a way that those assets will never again be subject to estate taxation. The wealth in your Dynasty Trust would then pass from generation to generation estate tax free and provide your descendants funds for their health, support, and education. The limitation that distributions can only be made for health, support, and education is enough to keep the trust assets out of the beneficiary\u2019s estate while providing maintenance of the beneficiary\u2019s lifestyle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Dynasty Trust is a special trust established for those who desire to make full use of an individual\u2019s right to pass assets to grandchildren or other descendants and thereby skip a generation without the GST being imposed. Since the GST exemption applies to all individuals, married couples can shelter two times the GST exempt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"standard-page.php","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is a Dynasty Trust? - Estate &amp; Business Law Group PC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eblawgroup.com\/what-is-a-dynasty-trust\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is a Dynasty Trust? - Estate &amp; Business Law Group PC\" \/>\n<meta property=\"og:description\" content=\"A Dynasty Trust is a special trust established for those who desire to make full use of an individual\u2019s right to pass assets to grandchildren or other descendants and thereby skip a generation without the GST being imposed. 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Since the GST exemption applies to all individuals, married couples can shelter two times the GST exempt [&hellip;]","og_url":"https:\/\/eblawgroup.com\/what-is-a-dynasty-trust\/","og_site_name":"Estate &amp; Business Law Group PC","article_publisher":"https:\/\/www.facebook.com\/eblawgroup","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/eblawgroup.com\/what-is-a-dynasty-trust\/","url":"https:\/\/eblawgroup.com\/what-is-a-dynasty-trust\/","name":"What is a Dynasty Trust? - Estate &amp; Business Law Group PC","isPartOf":{"@id":"https:\/\/eblawgroup.com\/#website"},"datePublished":"2021-08-30T18:43:52+00:00","dateModified":"2021-08-30T18:43:52+00:00","breadcrumb":{"@id":"https:\/\/eblawgroup.com\/what-is-a-dynasty-trust\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/eblawgroup.com\/what-is-a-dynasty-trust\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/eblawgroup.com\/what-is-a-dynasty-trust\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/eblawgroup.com\/"},{"@type":"ListItem","position":2,"name":"What is a Dynasty Trust?"}]},{"@type":"WebSite","@id":"https:\/\/eblawgroup.com\/#website","url":"https:\/\/eblawgroup.com\/","name":"Estate & Business Law Group PC","description":"Knowledgeable. 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