Dynasty Trusts: Protecting Your Heirs for Generations

Episode Summary

Attorney Brian Chew explores dynasty trusts, a key estate planning tool for protecting family wealth across generations in California. The episode details how dynasty trusts, embedded within revocable living trusts, offer lifetime asset protection for children against creditors, divorce, and poor financial decisions. It highlights their flexibility, allowing children to control trust assets without owning them, and clarifies their suitability for families with significant assets, emphasizing the need for professional guidance to ensure effective implementation.

Key Timestamps

00:00 - Show Introduction and Welcome

01:30 - Understanding Dynasty Trusts

05:00 - Asset Protection Benefits of Dynasty Trusts

09:00 - Parental Control in Dynasty Trusts

13:00 - Suitability for High Net Worth Families

17:00 - Flexibility of Dynasty Trusts

21:00 - Long-Term Wealth Preservation

25:00 - Provisions for Special Circumstances

29:00 - Modifying Dynasty Trust Provisions

33:00 - Unique Approach to Dynasty Trusts

37:00 - Conclusion and Call to Action

About the Show

Estate Planning Beyond the Binder breaks down essential information about protecting your loved ones and assets through effective estate planning. The show makes estate planning simple and doable for married couples, homeowners, business owners, and anyone thinking about their future. Featuring Brian Chew, founder of OC Wills and Trust Attorneys.