Dynasty trust

Round of applause for that, y'all.

Shanice, we hear terms like dynasty trusts, Rockefeller-style trusts.

What are these structures actually designed to accomplish, and how can families use them to make sure wealth lasts for multiple generations?

That's a loaded question, and I'm going to try my best to condense that.

Right.

Dynasty trusts are a little bit different.

So when we're going generation, generation on and on and on, what you're utilizing is a lot of times insurance type IOLTA place where everybody buys insurance and sticks it into this trust.

And so it continues to grow and grow and grow.

And the Ford family has also relied on dividends from their Ford shares to support generation after generation.

Note, if you're interested in how to build generational wealth by passing your portfolio down to your heirs, check out my recent video called My 200-Year Dividend Dynasty Trust, where I walk you through how I plan to do it.

Now a lot of those old fortunes started out concentrated in one industry, like oil, chemicals, or banking.

which is how they got so rich in the first place.

The other 99% Class B non-voting shares can be transferred either into a domestic asset protection trust, or into a long term, typically Delaware dynasty trust.

And it's usually one of those two options are going to be best for an entrepreneur.

It really depends on whether they're going to be below or above that 30 million dollar estate tax threshold for married couples if they're above that then the delaware dynasty trusts and getting appraisals of everything and filing gift tax returns all that can be done it takes us about six months and can run anywhere from a hundred thousand to 500,000 depending upon the family and the circumstances, uh, to implement.

But often we're saving our clients tens of millions of dollars in debt tax.

Yeah.

I guess you could have it going the other way, too.

You could have a foreign trust that domesticates in the U.S., but that's not as typical.

There's no question that the very strongest trust we set up are the Delaware Dynasty trusts, because then it's out of your name.

Yes, because men can also get something from the female conversation.

The Dynasty Trust, building across generations.

Yes.

Very wonderful.

Otherwise, you'll end up like one of these celebrities that we talked about in our celebrity edition.

Exactly.

The Dynasty Trust is the most powerful generational wealth transfer tool available to high net worth families in the United States.

And it is almost entirely unknown outside of the circle that uses it.