Dynasty Trust

At Capital Tax, we specialize in Dynasty Trusts—an advanced estate planning tool designed to preserve and grow your wealth for multiple generations. Our team of Certified Public Accountants (CPAs) is dedicated to helping you create a lasting legacy while optimizing tax benefits and ensuring your family's financial security.​

We utilize a three-step approach to ensure optimal estate and trust tax outcomes:

 

What is a Dynasty Trust?

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A Dynasty Trust is a type of irrevocable trust designed to extend the benefits of your estate plan beyond your lifetime and into future generations. Unlike traditional trusts that might terminate after a single generation, a Dynasty Trust can potentially last for many decades or even centuries. Here’s how it works:

• Long-Term Wealth Preservation: Assets placed in a Dynasty Trust can be held and managed for multiple generations, preserving wealth within the family.

• Tax Advantages: By leveraging the generation-skipping transfer tax exemption, Dynasty Trusts can help minimize estate and gift taxes across generations.

• Flexibility and Control: The trust can be structured to provide for specific terms, conditions, and protections, ensuring that your assets are used in accordance with your wishes.

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Our Comprehensive Dynasty Trust Services

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1. Trust Design and Structuring

   • Development of a customized Dynasty Trust plan tailored to your family’s tax needs and long-term goals.

   • Strategic advice on trust terms, including tax implications of distribution provisions, governance, and succession planning.

2. Asset Transfer and Management​

   • Ongoing tax management and oversight to ensure the trust’s assets are properly invested for proper tax planning.

3. Tax Planning and Compliance

   • Expertise in utilizing Dynasty Trusts to maximize tax benefits and minimize tax liabilities across generations.

   • Assistance with tax reporting and compliance to meet IRS requirements and optimize financial outcomes.

4. Trust Administration and Review​

   • Regular reviews to adapt the trust to changes in tax regulations, family circumstances, or financial conditions.

   • Year round availability to answer any questions that arise.

5. Family Education and Support​

   • Offering support to ensure that future generations understand and adhere to the trust’s tax terms and tax implications.

 

Why Choose Capital Tax?

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After identifying your interests and organizing your affairs, we set up a timeline to process the appropriate tax filings for you. As needed, we notify heirs to trustees of important updates to the estate and/or trust. We oversee the implementation from beginning to end until you attain your most tax-efficient estate.

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Get Started Today 

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Contact us to discuss estate and trust tax planning.