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.