Dynasty Trusts

Overview

Following recent amendments to the tax code, both the applicable estate and gift tax exemption and the GST exemption were increased to $11,180,000. This nearly doubled the exemptions available in 2017. Taxpayers may consider making additional gifts to already existing dynasty trust in order to further supercharge the trust. They may also consider allocating GST exemption to an existing non-Dynasty Trust, to convert it into a Dynasty Trust that allows for a transferor to maximize the assets that are available to support future generations.

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