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With dynasty trusts, rich taxpayers can provide for 40 generations of heirs and shield assets from creditors and even their future heirs' ex-spouses. ....
Internal Revenue Code imposes a transfer tax at each family generation, estate tax is imposed on parent and child. Generation Estate planning inlcudes: Testamentary Planning, Lifetime Transfers and Dynasty Trusts which can use the generation-skipping transfer tax exemption ....
Most of you know by now that I grew up in the Panama Canal Zone which no longer exists as of 1999. In that respect, the transition left me as a man without a country. My father (of. ....