marotta
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| Start Your Own Dynasty Trust (2007-03-05) |
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Start Your Own Dynasty Trust (2007-03-05)
by David John Marotta
Dynasty trusts, also known as generation-skipping trusts, aren't just for the Rockefellers and the Morgans anymore. In recent years, a few states, including Virginia, have altered their "rules against perpetuities," allowing trusts to span multiple generations. All of this is good news for those interested in keeping wealth in the family. By allowing such dynasty trusts, a handful of states are making it easier to preserve and build family wealth for years to come. Unlike the trusts which helped John D. Rockefeller and J.P. Morgan keep their wealth in the family, this new breed of dynasty trust is not just for the mega-wealthy.
Read the complete column at http://www.emarotta.com/article.php?ID=220
David John Marotta
Marotta Asset Management, Inc.
Fee-only Financial Planning
http://www.emarotta.com
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