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What Can a Dynasty Trust Do for Me?

There has been a lot of talk about dynasty trusts lately, and you might be wondering: what can a dynasty trust do for me? A lot, actually! It’s a powerful asset protection tool that can provide a lot of benefits. There are pros and cons to consider, however, which Ellen will discuss in this video. Many parents prefer to discuss the formation of a dynasty trust with their children; this video is designed to both answer any questions you may have and give you points to talk about with your parents. If you or your parents would like to speak with the Cookman Law team, click here to schedule your call! https://cookmanlaw.com/talk-to-intake... 00:00:00 Have your parents or grandparents approached you about wanting to create a dynasty trust for you? 00:00:46 What is a dynasty trust? 00:01:19 Different Names and Types of Dynasty Trust 00:01:35 Rule Against Perpetuity and Duration of Dynasty Trust 00:03:18 Asset Protection and Types of Protections 00:05:02 Dynasty Trust for Estate Tax Protection 00:06:01 Limitations and Usage of Dynasty Trust 00:07:34 Drawbacks of Dynasty Trust 00:08:24 Alternatives to Dynasty Trust ✅ Please Subscribe to my channel I put out a new video every week →    / @ellencookman-estateplanningsnt   ✅ FREE Initial Call 👇👇 https://cookmanlaw.com/talk-to-intake... 💥 Follow me on Social Media 💥 Instagram:   / cookman_law   Facebook:   / cookmanlaw   LinkedIn:   / ellen-cookman-jd-ll-m-88728b12   Website: https://cookmanlaw.com/ Looking forward to connecting! Please call or text with any Estate Planning questions: (650) 690-2571 The content of this YouTube channel is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this YouTube channel for legal advice. Viewing this YouTube channel is not intended to and shall not create an attorney-client relationship between you and Ellen Cookman or Cookman Law, PC. Messages or other forms of communication that you transmit to this YouTube channel will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither Ellen Cookman nor Cookman Law, PC makes any representation, warranty, or guarantee about the accuracy of the information contained in this YouTube channel or in links to other YouTube channels or websites. This YouTube channel is provided "as is," does not represent any outcome or result from viewing of this channel. Your use viewing of this YouTube channel is at your own risk. You enjoy this YouTube channel and its contents only for personal, non-commercial purposes. Neither Ellen Cookman, Cookman Law, PC, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind. © 2022 Cookman Law. All rights reserved. #Dynastytrust #trust #estateplanning