Thomas, Anne, and David break down one of the most complex—but powerful—tools in advanced estate planning: the dynasty trust and the Generation-Skipping Transfer (GST) tax. Learn how ultra-high-net-worth families use these structures to shield assets from future estate taxes, and why understanding the GST exemption matters for long-term planning. From trust structuring to choosing the right state jurisdiction, this episode offers a primer on preserving wealth across multiple generations—with practical context for advisors and clients alike.