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Dynasty Trusts: How Contractors Can Pass Wealth to the Next Generation Tax-Free

Dynasty Trusts: How Contractors Can Pass Wealth to the Next Generation Tax-Free

Most contractors spend 30–40 years building a successful company — working weekends, taking risks, and sacrificing time with family.

But many don’t realize something shocking:

When they pass away, estate taxes can take up to 40% of what they built.

And it happens more often than people think.

Contractors frequently build wealth through:
• Their construction business
• Real estate
• Retirement accounts
• Life insurance

Over decades, those assets compound into multi-million-dollar estates. But without proper planning, heirs may be forced to sell properties, liquidate investments, or even sell the business just to pay the IRS.

The good news: wealthy families use strategies like dynasty trusts and ILITs to protect wealth across generations.

The biggest mistake I see?

Waiting too long to plan.

If you’re a contractor building serious wealth, protecting what you’ve built should be just as important as building it.