There are two areas of consideration when seeking whether you qualify for a dynasty trust. Estate and gift taxes are one area and the State law on long-term trusts is the other. By contributing no more than the exemption amount which is slightly over $1 million or $2.2 million if you are married and incur no tax liability.
Your tax advisor should research your state law concerning the exemption amount. Colorado is one of the states which allows long term trusts. Some of the others are Alaska, Delaware, Florida and Wisconsin.
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