This trust has all the features of the MPI Basic Legacy Trust with one important twist. Rather than designate specific amounts to each child or loved one, this trust is designed to last multiple generations creating a long lasting legacy. Authors Garrett B. Gunderson and Michael G. Isom explain in their groundbreaking book, What Would the Rockefellers Do?: How the Wealthy Get and Stay That Way … And How You Can Too, that although the Vanderbilt and the Rockefellers had comparable wealth, they had two very different trusts.
The Vanderbilts had a trust similar to the design of the MPI Basic Legacy Trust; meaning each successive generation received a specific share. This motivated each generation to spend. Within three generations the Vanderbilt empire was depleted. On the other hand, the Rockefellers’ trust continues strong today and has blessed countless descendants of John D. and Laura Spelman Rockefeller. The MPI Dynasty Legacy Trust does not split into specific shares, but rather typically names all descendants as beneficiaries. You create rules to which your descendants may receive funds from the trust.
Common examples include paying for education, medical bills, a wedding, a down payment on a house, a specific percentage of income may be distributed, etc. This trust also creates a family bank as described in the book. Based upon terms and conditions you create, beneficiaries may borrow money from the trust. The MPI Dynasty Legacy Trust is designed to continue to grow, even investing in additional MPITM Plan for your descendants! Mr. Skabelund will meet with you for approximately one additional hour beyond the initial consultation to design the rules and management of your MPI Dynasty Legacy Trust.
The MPI Dynasty Legacy Trust is designed to continue to grow, even investing in additional MPITM Plans for your descendants!
Mr. Skabelund normally charges $10,000 or more for a dynasty trust. However, MPITM Plan owners pay only $3,500.