You can call a trust a private trust or a family trust. A family trust is any trust vehicle that you've set up to benefit members of your family. The family trust is a popular vehicle in estate planning. You know your family best, and a family trust can help you customize how you provide for your family, both during your lifetime and after your death.

The initial trust property of a family trust can be:

· Current assets (e.g., cash, securities, fund units)

· Fixed assets (e.g., land and real estate, art, antiques, and collectibles)

· Contracts and agreements (e.g., including insurance contracts, private contracts, commercial agreements)

Benefits of a Family Trust:

· Avoid expensive court procedures for the application of probate while the estate might be frozen during the probate period.

· High confidentiality. Estate information does not become a public record like a Will.

· Promote family harmony since family trust is very difficult to refute or challenge.

· Prevent squandering money for pleasure in the next generations. A family trust can distribute the property exactly as you want to avoid future generations being profligate.

· Scalable. the establishment can increase assets at any time as needed.

· When the client loses the legal physical and will judgment ability, it is not necessary to appoint an asset manager through a certified court.