Trust for Specific Purpose

Trust for Specific Purpose

When you have various people or causes that you want to take care of, it makes sense to set up a Trust. For instance, you can setup a family trust to take care of your aged parents and/or loved ones when you are no longer around, for children’s education and even for charity gifting. The assets in your specific purpose Trust will not form part of your estate and therefore can flow easily to your beneficiaries, with minimum hassle.