Generational wealth transfer is best accomplished with one or more irrevocable trusts, commonly referred to as a “dynasty trust.” The purpose of this trust is to pass wealth from one generation to the next while minimizing estate taxes and providing asset protection. These trusts are often structured to last for an extended period, potentially for many generations.
A charitable planning trust refers to a type of trust that is established to benefit both charitable causes and individual beneficiaries. The primary purpose of this trust is to provide financial support to charitable organizations while also generating potential estate tax and income tax benefits for the grantor and their selected beneficiaries.
Select the best trust planning tools with Sharpe Law Group today. Our adept estate planning attorneys create tailored legal plans to ensure that your legacy is preserved and well-managed.
Call us at 214-742-6065 or Contact Us Here to book an initial meeting with one of our experienced estate planning attorneys in our Dallas or Plano office.
Sharpe Law Group
6688 N. Central Expy, Suite 450
Dallas, Texas 75206