My wife and I are in our 50s and have $11 million. It’s not going to our kids.
1. Charles Schwab promotes dynasty trusts for wealth distribution and tax efficiency. 2. Trusts can be funded by various asset types, increasing long-term financial security. 3. Certain states allow trusts to exist indefinitely, enhancing legacy planning. 4. Grantors can set rules for fund distribution to support beneficiaries' education and health. 5. Wealthy families can make substantial tax-free gifts, impacting their financial planning.