A big part of leaving behind a legacy is making sure that your family’s financial future is secure. Doing so requires careful consideration and the correct legal tools. Having a dynasty trust can be an effective way to preserve wealth across generations while minimizing the blow of taxes. A dynasty trust can also protect your assets from creditors or family disputes. Discover how we can help at LifePlan Legal AZ when you call to schedule an appointment with our Mesa, AZ dynasty trust lawyer!
Mesa, AZ Dynasty Trust Lawyer
A dynasty trust is a type of real estate planning tool that allows you to pass on your wealth through multiple generations while avoiding reductions from estate or gift taxes each time there’s a new transfer. They differ from traditional trusts because traditional trusts can end after a certain number of years or following a beneficiary’s death, while a dynasty trust can last for several generations. Dynasty trusts are used by individuals or families who want to create financial stability and a meaningful legacy.
The main benefit of a dynasty trust is its long-term asset protection. When assets are placed into a trust, they’re better shielded from beneficiaries’ creditors, lawsuits, and divorces. This protection allows your family’s wealth to continue growing for generations to come. The second main reason why people explore dynasty trusts is due to their tax efficiency. Dynasty trusts are typically structured to reduce or even eliminate taxes as time goes on. You can also further customize your dynasty trust, allowing you to set specific terms on how to distribute assets to future heirs.
Our team understands that every family has its own unique goals and circumstances, which is why we recommend consulting with us if you’re considering a dynasty trust. Our team will make sure a dynasty trust covers all of your potential needs, including medical, education, and business needs. We can also help you in choosing a trustee to make sure your wishes are properly carried out.
Experience Matters For Dynasty Trusts
When setting up a dynasty trust, it pays to work with our experienced Mesa dynasty trust lawyer.
- Our attorney, Jake Carlson, has made it his mission to help 10,000 families and small businesses throughout Arizona. He believes that proper planning can prevent conflicts.
- To date, Jake Carlson has presented to over 200 groups in 27 states on estate planning and protecting your legacy. He’s also the proud author of over 100 leadership articles on topics like influence, legacy, family vision, and the Values-Based Estate Planning process.
- Our team always takes the time to listen to your story. By listening to your story, we can create a personalized dynasty plan that makes the most sense for your needs.
Having a dynasty trust in place can be an effective way to help build wealth for your family for generations to come. Our Mesa dynasty trust lawyer is eager to help with the process. Call us today at LifePlan Legal AZ to learn more!