The phrase "a dynasty trust" is correct and usable in written English.
It can be used in legal or financial contexts to refer to a specific type of trust designed to last for multiple generations, often used for estate planning.
Example: "Establishing a dynasty trust can help preserve family wealth and ensure that future generations benefit from the assets."
Alternatives: "perpetual trust" or "multi-generational trust".
The cost of setting up a dynasty trust varies.
Called a "dynasty trust," it provides -- as most trusts do -- substantial tax savings for the person setting it up.
She said that even if people expect to use their entire estate before they die, they may want to consider a dynasty trust to shield any leftover money.
But a dynasty trust can avoid this by discouraging outright distributions and instead encouraging trustees to buy, for the use of the beneficiaries, things like houses, artwork, airplanes and even businesses.
She assumed that the person gave $5 million to a dynasty trust — meaning a trust that lasts for at least 100 years — and kept the other $10 million in his own name.
If a dynasty trust of roughly $1 million was established today, Mr. Rothschild figured, it would be worth $867.7 million after four generations, assuming that it grew 7percentt a year and nothing was spent.
Lisa Featherngill, director of wealth planning at Wells Fargo Family Wealth, said an $8 million gift made to a "grantor dynasty trust" — a structure that allows the people making the gift to pay taxes on the capital gains during their lifetime — could grow to as much as $140 million over 40 years.
So, with the help of Portland estate lawyer Marsha Murray-Lusby, the widow has just transferred another $1 million into an irrevocable "dynasty trust" benefiting her children, grandchildren and future generations.
When this is coupled with a long term trust (dynasty trust) wealth can compound outside your estate forever.
And even better relations with America would not make the Kim dynasty trust Washington or anyone else.
Most states limit how long a trust can last; a handful allow "dynasty" trusts that can last for generations.
