Trusts can be used:

● To preserve wealth for future generations and avoid disputes among individual family members on how the family fortune should be managed;

● To protect your assets from divorce claims or other creditors;

● To house a business and so avoid disruption when a major shareholder passes away;

● To protect vulnerable family members from either themselves, because of a disability or limited capacity to make decisions, or from those who may wish to exploit them;

● For philanthropic giving to charities; and

● To minimise estate duty.