Simply put, a trust is a way for an owner of an asset to distribute this for the benefit of another person or persons. 

A trust can be used to

  • put aside assets for a specific purpose (eg. to fund maintenance of a child under 18)
  • protect assets from being "squandered"
  • provide for future generations
  • protect vulnerable or incapacitated members of your family

There are several types that come into consideration when drawing up your will to achieve the above aims.