You’ve worked hard to build a legacy that will span across multiple generations. From acquiring valuable assets to building wealth through financial strategies and real estate investing, your children and grandchildren are poised to benefit from your success. But what they inherit may be subject to taxes—or worse, a divorce or lawsuit—that could significantly reduce what you’ve built. This is especially true when assets pass through your children before reaching your grandchildren.
Consider a situation where you live in California (which does not impose an estate tax), but your children reside in New York (which does). Passing assets to them outright—assets that are ultimately intended for your grandchildren—could result in unnecessary estate tax exposure, potentially even double taxation. That’s where our Generational Wealth Protection Trust™ service becomes invaluable as part of your broader estate and asset planning strategy.
This planning service helps you structure the inheritance in a way that can avoid unnecessary estate taxes while shielding your family’s inheritance from bankruptcy, divorce, and lawsuits.
How Generational Wealth Protection Trust™ Planning Works
Our Generational Wealth Protection Trust™ estate planning service helps families preserve their hard-earned wealth while maintaining control over how assets are passed down. This service enables you to maintain long-term control and stability, allowing you to direct the manner in which your wealth will benefit your children, grandchildren, and future generations.
Whether you’re setting aside assets for your children or for your grandchildren to inherit when they come of age, Generational Wealth Protection Trust™ planning gives you the ability to safeguard your legacy from unnecessary loss.
Planning with a Limited Power of Appointment
As part of Generational Wealth Protection Trust™ planning, we may recommend a limited power of appointment at death. This enables your children to designate who will receive their inheritance—within defined limits—such as limiting distribution to your grandchildren or other specific beneficiaries.
Returning to the example of your children living in New York or other states with estate taxes, or simply forecasting an estate tax problem for them, a limited power of appointment allows you to limit their power to only certain beneficiaries. This restriction can help limit the estate tax at your children’s level, since they do not hold a general power of appointment that would subject the assets to their own taxable estate. However, this requires careful planning, which is where our Generational Wealth Protection Trust™ service comes into play.
In some cases, your children may exercise this limited power by directing the inheritance to their own Revocable Living Trust, which includes similar provisions to continue the Generational Wealth Protection Trust™ approach. When future generations take the same planning steps, your legacy may be preserved well beyond your lifetime.
Partner with Dahl Law Group to Preserve Your Legacy
Generational Wealth Protection Trust™ is an exclusive legal service developed by the experienced team at Dahl Law Group. We serve families and business owners throughout California and across the U.S. Our holistic approach to estate and asset planning allows you to minimize tax burdens, maintain control, and ensure that what you’ve built truly benefits the next generation.
When you’re ready to create a plan that lasts for generations, contact Dahl Law Group at our Sacramento or San Diego offices.
Dahl Law Group
