Bloomberg Law
May 15, 2018, 9:03 AM UTC

Super-Rich Are Abuzz Over Tax-Cutting $22 Million Dynasty Trusts

Ben Steverman

New law doubles the estate-tax exemption to $22 million a couple, spurring interest in dynasty trusts.

Many of the biggest beneficiaries of President Donald Trump’s tax overhaul haven’t even been born yet.

The new law doubles the amount that can be passed to heirs without worrying about estate and gift taxes, to about $22 million for a married couple. But the thresholds are in place only until 2025, and the ultra-rich are turning to a key tool—the dynasty trust—to secure the financial futures of their grandchildren, great-grandchildren and beyond.

“For the mega wealthy, it’s really a window of opportunity that’s limited,” said Joan ...

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