Allocation of exemptions for gift and estate tax and generation-skipping transfer tax (GSTT) to an irrevocable life insurance dynasty trust make it possible to avoid income, capital gains, gift and estate taxes perpetually. With gift and GST tax exclusions currently set at $5 million, now is the time to fund a dynasty trust. Ownership of a captive insurance company (CIC) by a dynasty trust protects the CIC and provides efficient generational wealth transfer. Many techniques and strategies are available for integrating tax-efficient accumulation, preservation and transfer of wealth.
