TY - JOUR T1 - Wealth Management Through Dynasty Trusts JF - The Journal of Wealth Management SP - 43 LP - 48 DO - 10.3905/jwm.2001.320393 VL - 3 IS - 4 AU - Lawrence J. Macklin Y1 - 2001/01/31 UR - https://pm-research.com/content/3/4/43.abstract N2 - The author discusses the use of dynasty trusts, which he defines as trusts designed to continue as long as the law would allow. The assets invested within the trusts would be made available for whatever generation was in need, or alternatively, would distribute from the trust as required by law to, perhaps, fifth generation descendants. The author examines the estate and gift tax law environment and then describes the power of a dynasty trust strategy. He then discusses ways in which that power can be enhanced, through an analysis of four possible transactions. He concludes by pointing to incremental benefits such as state tax savings or asset protection. ER -