Trusts generally have a wide application and can be customised to meet specific needs. Reasons to establish a trust include: Providing for minor beneficiaries financially and otherwise Honoring maintenance commitments in divorce orders and settlements Providing for disabled dependents or aged parents Protecting and preserving assets for the next generation Serving as a holding vehicle for assets as part of estate planning structuring Providing a regular income for favorite charities (public benefit organizations) Providing for the dependents of a deceased employee
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