--- title: "Dynasty Trust Attorney | Multi-Generational Planning | Legacy Counsel" description: "Dynasty trusts hold wealth for multiple generations free of estate, gift, and GST tax at each level." lang: en json-ld: | [ { "@context": "https://schema.org", "@graph": [ { "@type": "LegalService", "@id": "https://jacobslegacycounsel.com/#legalservice", "name": "Jacobs Legacy Counsel", "alternateName": [ "Legacy Counsel by Jacobs Counsel", "Jacobs Legacy" ], "url": "https://jacobslegacycounsel.com", "description": "Fixed-fee estate planning for high-net-worth families, founders, executives, and professional athletes. Licensed in New York, New Jersey, and Ohio.", "logo": "https://jacobslegacycounsel.com/logo-dark.jpg", "image": "https://jacobslegacycounsel.com/og-image.jpg", "telephone": "+1-646-343-7227", "email": "intake@jacobscounsellaw.com", "priceRange": "Fixed-fee engagements", "address": { "@type": "PostalAddress", "streetAddress": "221 River Street, Floor 9", "addressLocality": "Hoboken", "addressRegion": "NJ", "postalCode": "07030", "addressCountry": "US" }, "areaServed": [ { "@type": "State", "name": "New York" }, { "@type": "State", "name": "New Jersey" }, { "@type": "State", "name": "Ohio" } ], "knowsAbout": [ "Estate planning", "Revocable living trusts", "Irrevocable trusts", "Dynasty trusts", "Asset protection planning", "Generation-skipping transfer tax planning", "Estate planning for professional athletes", "Estate planning for founders and executives", "QSBS planning", "Pre-liquidity estate planning", "Probate and trust administration" ], "contactPoint": { "@type": "ContactPoint", "telephone": "+1-646-343-7227", "email": "intake@jacobscounsellaw.com", "contactType": "client intake", "areaServed": [ "US-NY", "US-NJ", "US-OH" ], "availableLanguage": [ "en" ] }, "founder": { "@id": "https://jacobscounsellaw.com/about/drew-jacobs#person" }, "employee": { "@id": "https://jacobscounsellaw.com/about/drew-jacobs#person" }, "parentOrganization": { "@type": "LegalService", "@id": "https://jacobscounsellaw.com/#legalservice", "name": "Jacobs Counsel LLC", "url": "https://jacobscounsellaw.com" }, "sameAs": [ "https://jacobscounsellaw.com", "https://www.linkedin.com/company/jacobs-counsel", "https://www.instagram.com/jacobscounsel" ] }, { "@type": "WebSite", "@id": "https://jacobslegacycounsel.com/#website", "url": "https://jacobslegacycounsel.com", "name": "Jacobs Legacy Counsel", "publisher": { "@id": "https://jacobslegacycounsel.com/#legalservice" }, "inLanguage": "en-US" }, { "@type": "Person", "@id": "https://jacobscounsellaw.com/about/drew-jacobs#person", "name": "Andrew R. Jacobs, Esq.", "alternateName": "Drew Jacobs", "url": "https://jacobscounsellaw.com/about/drew-jacobs", "jobTitle": "Founder & Managing Attorney", "worksFor": { "@id": "https://jacobscounsellaw.com/#legalservice" }, "sameAs": [ "https://jacobslegacycounsel.com", "https://www.linkedin.com/in/drew-jacobs-dj32/", "https://www.instagram.com/jacobscounsel", "https://profiles.superlawyers.com/new-york-metro/hoboken/lawyer/andrew-jacobs/5765bbd8-0554-4eb5-be6d-0431db28f834.html", "https://www.avvo.com/attorneys/07030-nj-andrew-jacobs-5765bbd8.html", "https://iapps.courts.state.ny.us/attorneyservices/search?lastName=jacobs&firstName=andrew" ] } ] }, [ { "@context": "https://schema.org", "@type": "WebPage", "name": "Dynasty Trust Attorney", "description": "Dynasty trusts hold wealth for multiple generations free of estate, gift, and GST tax at each level.", "url": "https://jacobslegacycounsel.com/dynasty-trust-attorney", "isPartOf": { "@type": "LegalService", "name": "Legacy Counsel by Jacobs Counsel LLC", "url": "https://jacobslegacycounsel.com" } }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "How long can a dynasty trust last?", "acceptedAnswer": { "@type": "Answer", "text": "It depends on situs." } }, { "@type": "Question", "name": "Do beneficiaries have access?", "acceptedAnswer": { "@type": "Answer", "text": "Yes — through trustee distributions." } }, { "@type": "Question", "name": "Is a dynasty trust the same as a generation-skipping trust?", "acceptedAnswer": { "@type": "Answer", "text": "All dynasty trusts use GST planning, but not every GST-exempt trust is structured for perpetual or multi-generational duration." } }, { "@type": "Question", "name": "What if tax law changes?", "acceptedAnswer": { "@type": "Answer", "text": "Trust protector and decanting provisions let us adapt the trust to future law without re-creating it." } } ] } ], { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://jacobslegacycounsel.com/" }, { "@type": "ListItem", "position": 2, "name": "Dynasty Trust Attorney", "item": "https://jacobslegacycounsel.com/dynasty-trust-attorney" } ] } ] --- A Practice of [Jacobs Counsel LLC](https://jacobscounsellaw.com) Serving NY · NJ · OH — Vol. 2026 [Legacy Counsel ](/) Firm Resources Estate Planning Trusts [Probate & Admin](/probate-trust-administration)[Pricing](/pricing)[Book Call](https://cal.com/drewjacobs/estate-planning)[Start Intake](/get-started) Menu 1. [Home](/) 2. Dynasty Trust Attorney Dynasty Trust Legacy Counsel # Dynasty Trust Attorney Quick answer: A dynasty trust is a long-duration irrevocable trust designed to hold wealth for children, grandchildren, and beyond — free of estate and generation-skipping transfer (GST) tax at each generation, and protected from beneficiaries' creditors and divorces. [Start Intake](/get-started)[Book a Consultation](https://cal.com/drewjacobs/estate-planning) Key Points - ◆ Who it is for: families with multi-generational wealth goals, founders post-exit, and clients who want to protect descendants from creditors and divorces - ◆ What it solves: estate and GST tax recurring at every generation, and direct ownership exposing beneficiaries to lawsuits and divorces - ◆ Funded using lifetime gift and GST exemption — approximately $15M per individual in 2026 under current federal law (subject to change) - ◆ Situs selection is everything: New York and New Jersey are poor situses for dynasty trusts ## How a dynasty trust works You fund the trust using your lifetime gift and GST exemption. An independent trustee in a friendly situs administers distributions under broad standards, often with a trust protector who can adapt the trust to future law and family changes. ## Common mistakes we fix Drafting a dynasty trust under New York or New Jersey law, where the rule against perpetuities or trust income tax undermines the structure. Failing to allocate GST exemption properly at funding, causing the trust to lose GST-exempt status at the first skip. Naming a beneficiary as trustee with broad discretion, exposing the trust to inclusion in that beneficiary's estate. ## New York, New Jersey & Ohio considerations New York: NY has a 21-year rule against perpetuities and aggressive resident trust income taxation. New Jersey: similar story — situs elsewhere to avoid NJ trust income tax on accumulated income. Ohio: a strong dynasty trust situs in its own right — perpetual duration is permitted and the Ohio Legacy Trust Act adds asset protection. ## How Legacy Counsel helps We design dynasty trusts with the right situs, trustee structure, and protector framework — and coordinate funding with GST allocation on your gift tax return. Frequently Asked How long can a dynasty trust last? + It depends on situs. Do beneficiaries have access? + Yes — through trustee distributions. Is a dynasty trust the same as a generation-skipping trust? + All dynasty trusts use GST planning, but not every GST-exempt trust is structured for perpetual or multi-generational duration. What if tax law changes? + Trust protector and decanting provisions let us adapt the trust to future law without re-creating it. Related - [All Trusts](/trusts) - [Irrevocable Trusts](/irrevocable-trust-attorney) - [SLATs](/slat-attorney) - [ILITs](/ilit-attorney) - [Dynasty Trusts Overview](/dynasty-trusts) Next Step ### Talk to Legacy Counsel. Fixed-fee estate planning for clients in New York, New Jersey, and Ohio. [Start Intake](/get-started)[Book a Consultation](https://cal.com/drewjacobs/estate-planning) Drew Jacobs is licensed in New York, New Jersey, and Ohio. Nothing on this page constitutes legal advice or an offer to represent you in a jurisdiction in which we are not licensed. **Prospective Client Disclaimer.** Submitting this form does not create an attorney-client relationship. Do not send confidential or time-sensitive information until we have signed an engagement letter. We will review your submission and follow up to discuss whether we can represent you. By submitting, you consent to be contacted about your inquiry. Estate Planning & Legacy Counsel Legacy Counsel by Jacobs Counsel. Fixed-fee estate planning, trusts, wills, and generational wealth strategy for high-net-worth families. 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All rights reserved. Attorney Advertising. Prior results do not guarantee a similar outcome. **Jurisdiction.** Drew Jacobs is licensed to practice law in New York, New Jersey, and Ohio . Estate planning is highly state-specific — laws governing wills, trusts, probate, estate and inheritance tax, and asset protection vary materially by jurisdiction. We represent clients whose residence, primary assets, or business interests are situated in NY, NJ, or OH. For matters involving other states, we coordinate with qualified local counsel. Nothing on this site constitutes legal advice or an offer to represent you in a jurisdiction in which we are not licensed.