How to Use Dynasty Trusts in Modern Asset Protection & Estate Planning

The development of the modern-day trust stems from the early Middle Ages during the time of the Crusades when wealthy knights went off to liberate Jerusalem for Christendom. It is the oldest form of legal "structure" or creation of a juridical person under English Common law predating partnership and corporations by hundreds of years.

The earliest English courts of “equity” (or fairness) in the 12th Century held that assets could be alienated to benefit heirs or be set aside for a special purpose even when a legal "contract" (with consideration by both parties) did not exists.