Dynasty Trust Form Explained (1-Hour Audio)

In this audio recording, Mr. Steven G. Siegel carefully goes through, and explains reasons for the drafting of, all of the provisions within the Dynasty Trust form.  Please see details below of key points addressed in this audio explanation.  

An important note from the author, Steve Siegel: "Clients’ estate plans may be at risk as 2020 draws to a close. The political divide in America suggests that laws unfavorable to wealthy clients may be on the horizon for 2021. The 2017 Tax Cuts and Jobs Act dramatically increased the available exclusion from transfer tax (including the generation-skipping tax) to $11.58 million in 2020, to be indexed for inflation. However, this law is scheduled to sunset after 2025 and revert back to the 2017 law, and with “political risk”, this generous exclusion could be reduced even more dramatically sooner. We have a window of opportunity to take advantage of this exclusion. The creation of a Dynasty Trust allows the grantor to utilize the increased GST exclusion for the benefit of multiple generations of a family and avoid what could be a significant tax increase in the uncertain future. Not only is the Dynasty Trust an excellent tax-saving vehicle, it also provides generations of asset protection against financial, judgment and matrimonial creditors that may arise in the future."