Trusts may be used to preserve assets for future generations, or where there is property which needs to be protected.
Trusts are also used to fix the value of estate with the legitimate purpose of reducing estate duty.
Trusts are also very widely used where there are minors inheriting from estates. Provision should be made in any will for the property to be held in trust for the maintenance, benefit, upkeep of minors until they are able to care for themselves.
Posted in: Wills Trusts deceased estates