Examples of how a trust can be used in daily life:
- Allocation of a business interest to a trust acting on behalf of partners, ensuring compliance with joint agreements;
- Delayed distribution of assets based on the beneficiary's needs, abilities, and preferences, many years after the settlor's passing;
- Support for dependent beneficiaries, ensuring fair life choices and continuous program updates;
- Transferring assets across nations following beneficiary relocation or avoiding geopolitical risk areas
- Converting settlor estates to charitable foundations after their passing, supporting social, cultural, artistic, or charitable goals;
- Allocation of the trust fund to beneficiaries with homogeneous, though not identical, distributions for balanced income streams;
- Debt protection, enabling assets in trust to continue their intended use;
- Supporting elderly settlors with the enjoyment of their estate assets, allowing them to benefit fully throughout their lifetime, without premature beneficiary ownership;
- Care and assistance for pets;