Welcome to the third part of the Tax Issues that Impact Your Wealth series.  Listen closely as Counsel at Scarinci Hollenbeck, James F. McDonough Jr. L.L.M, discusses Dynasty Trusts for Intergenerational Planning. One purpose of a Dynasty Trust is to avoid the rule against perpetuities that requires a trust to distribute its assets to individual beneficiaries within a period determined by statute.  A Dynasty Trust can eliminate the impact of successive taxation at each generation and provide asset protection against future creditors.  For more information on this topic and to watch a video lecture please visit TaxTrustEstateNews.com.