I am relatively new to investments and learning about different approaches to growth in value. One thing I have heard is that it makes more sense to focus growth early, then switch to dividend positions later for passive retirement income. I have seen people post that show, after decades of accumulating shares, some people reach a point they have dividend payouts of several thousand dollars equivalent monthly.
So, my question is whether there is a legal restriction or unseen drawback of establishing a trust and accruing shares to pass seamlessly across generations of a family over time, so that there can be some of that ramp up time skipped. Is it just that being equitable to inheriting members would become too messy? Would it be that there's diminishing returns in how it splits assuming there are more inheritors per generation than the last? Or is it just that historically there hasn't been common opportunity and the main reason I haven't found an example is just the sheer amount of time it would take for the concept to become proven and visible? (Or am I just uneducated and this is a known tactic?)