A dynasty trust is a long-term trust created to pass wealth from generation to generation without incurring transfer taxes—such as the gift tax, estate tax, or generation-skipping transfer tax ...

Most states have laws that shield trust assets from claims by creditors and plaintiffs in lawsuits. These states also don’t allow beneficiaries to use future trust distributions as collateral ...

A revocable trust places your wealth in a tax-protected vehicle you can control until you die. But, unfortunately, it won’t protect assets from a nursing home. However, there are ways to protect ...