Dynasty Trust

This is a name customarily used for a Generation-Skipping Trust (see below) which is continued for an extended period of time, such as for multiple generations, limited only by the applicable Rule Against Perpetuities if any. In certain states, such a trust may run for a very extended period of time. The trusts purpose is to avoid estate taxation for several generations and to provide for an individual’s descendants (or equivalent) for a very long period.

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