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Who Needs a Living Trust?

At Dynasty we believe every adult in the United States should have a Revocable Living Trust.

Trust Benefits

A properly set up Trust can:

  • Help you avoid probate
  • Give you more privacy
  • Protect your assets and property from creditors and lawsuits
  • Protect your beneficiaries from creditors
  • Prevent the government from seizing your assets and property
  • Help you reduce the amount of taxes you pay

From the moment you open your first bank account, get your first job, buy your first home, start a business, get married, or have your first child, you should have a Trust.

When to Set Up a Trust

The best time to do this is as early as possible in your adult life cycle. Because the longer you wait > the more assets you acquire > the more complicated it will be to transfer those assets into your Trust. Some institutions such as venture capital firms may even charge thousands of dollars to retitle your investments from your individual name to the name of your Trust. If you already have a Trust at the point of acquiring these assets, you can immediately title the assets in the name of your Trust and you never have to worry about retitling fees or time spent doing it.

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What is a Trust?

A Living Trust is a financial tool that lets you plan, organize, and protect your life. It’s a personal entity that allows you to add assets and plan out your inheritance. Eliminating legal battles, cost, and time spent by your loved ones. 

Think of it like a personal LLC that you put everything you own in. Except it doesn’t protect you from liability like an LLC does, it protects you from probate and conservatorship. 

Probate is the complicated court process (12-18 months) where a judge decides what happens to your assets after you die, become incapacitated, or are “deemed” incapable. Creating a living trust allows your assets to completely circumvent probate and immediately transfer to your loved ones. 

In addition to being able to name heirs (your beneficiaries), a Trust also allows you to assign someone to manage it (your successor trustee). Instead of going through probate, your Successor Trustee takes control of the Trust, handles your affairs, and distributes your assets according to your instructions. The person you select as Successor Trustee should be your most trusted person. Like a best friend or closest family member.

At Dynasty, we believe everyone should have a Living Trust. If you have children, assets, or plan to acquire assets in the future, you should create a Trust. That way when you buy your next home, open a bank or brokerage account, get startup shares, etc. – you can immediately title them in your trust.