“I saw behind me those who had gone, and before me those who are to come. I looked back and saw my father, and his father, and all our fathers, and in front to see my son, and his son, and the sons upon sons beyond.
And their eyes were my eyes.”
During the holidays we spend time with our family and extended family. We see our family’s past in the faces of the older members and our family’s future in the faces of the young children. Estate planning is about families. We all have different family relationships and perhaps some chosen beneficiaries may not even be family members. However, your estate plan necessarily involves looking to the future after you have passed away. The most common estate plan is of course to make a full distribution of the estate to the children or other chosen beneficiaries. However, there is no reason you can’t also make some provision for grandchildren or other younger generations in your estate plan. The Perpetual Dynasty Trust can be a valuable part of your estate plan to provide for the future of your grandchildren. This trust can assure that there are funds available for the benefit of future generations. It can provide incentives to encourage education or the achievement of other goals. It can also provide a safety net in case of emergencies where funds are needed simply for basic support and health. For more information please go to http://www.michaelmillonig.com/practice-areas/trusts/#Dynasty