Use this page to understand the idea, connect it to asset structuring, and continue into the next relevant ASC learning resource.
A trust is not only a document. It is a governance relationship around assets, trustees, beneficiaries and purpose.
The core parties
A trust typically involves a settlor, trustee and beneficiaries. Some structures may include protectors, letters of wishes or additional governance mechanisms depending on jurisdiction.
Why trusts are used
Trusts may support asset protection, succession, privacy, control over distributions and long term governance. The correct use depends on jurisdiction and professional advice.
Advisor lens
The advisor should not draft the trust. The advisor should understand enough to coordinate the conversation and identify where insurance, liquidity or asset mapping may support the trust structure.
Questions to sit with
- Who controls the assets today?
- Who should benefit over time?
- What liquidity or insurance sits beside the trust?
Create a simple diagram of settlor, trustee, beneficiaries and asset flow.
Continue beyond this lesson
Finish this lesson
Mark it complete, then continue to the next lesson. Your progress is saved in this browser.
Choose the next useful step.
This keeps the learner moving through the path, related answer pages and the supporting knowledge base.