Trust is a legal concept. A trustor transfers titles of assets to a trustee to hold on trust. The trustee shall manage and distribute the trust assets in accordance with the instructions of the trustor for the benefit of the beneficiaries. Beneficiaries are the beneficial owner of the trust assets.

Establishing a trust can bring about the following advantages:

  1. Trust assets are independent
  2. Secure succession of assets
  3. Achieve wealth planning