Revocable Trust Comparison: Simple vs. Dynasty

Trust Comparison The Estate Planning Group of Durfee Law Group offers two levels of Revocable Living Trusts:  Simple and Dynasty.  This Chart provides a way to make a meaningful Trust Comparison between Simple vs. Dynasty. The Simple Revocable Trust is a smaller lower cost alternative that may be appropriate for very simple and small estates. …

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What is a Dynasty Trust?

What is a Dynasty Trust?

A “Dynasty Trust” is a Trust designed to hold and protect property over multiple generations.  Such trusts take advantage of jurisdictions that have abolished laws that require termination such as the Rule Against Perpetuities.  They also take advantage of tax rules to minimize or eliminate multi-generation estate taxes.  Because such Trusts are designed to last…

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Spousal Lifetime Access Trust

Spousal Lifetime Access Trust

What is a Spousal Lifetime Access Trust (SLAT)? A Spousal Lifetime Access Trust or “SLAT” is an Irrevocable Trust that: Provides specific support for a spouse for life Is excluded from the taxable estates of both spouses If everything goes as planned, ultimately passes more than the exclusion amount to the children or other designated…

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