The Advantages of a living trust can be summarized as follows:

• Estate planning.
• The freezing of value.
• Tax planning Preservation of assets after death.
• Protection of assets from creditors.
• Protection against spendthrift children.
• Protection of a vulnerable spouse after your death.
• Protection of minor and/or vulnerable children.
• Income tax splitting.
• Assuring rapid access to income and capital after your death.
• Multi-ownership of assets.
• Impartiality.
• Confidentiality.
• Flexibility.
• Cost saving: not subject to any of the fees or costs of winding up an estate.
• Conduit principle
• Distribute property after your death.
• Create one receptacle for all your property.
• Take care of you.
• Offer privacy.
• Are easy to create and maintain.
• Are easily changed.
• Provide continuity in your affairs.
• Can measure trustees during your life.
• Are difficult to attack.