2. Wealth inheritance: Trust can be used for wealth inheritance planning to provide long-term economic support and guarantee for beneficiaries. The establishment of trust can ensure that the property is transferred to the beneficiary at an appropriate time and manner, and avoid possible inheritance disputes and tax problems.
3. Charity purpose: Trust can be used to support charitable projects. By transferring property to charitable trusts or setting up charitable funds, the donor's charitable wishes and social responsibilities can be realized.
4. Education Fund: A trust fund can be established to finance the education and training expenses of beneficiaries. By setting up an education trust, we will ensure that the beneficiaries get good education and development opportunities.
5. Special needs support: Trust can provide financial support and care for people with special needs (such as the disabled) to ensure that their living needs are met.
Can I withdraw the trust fund?
Money in the trust can be withdrawn. In some cases, investors may need to withdraw funds from the trust in advance, but this may lead to some loss of income. When the trust expires, the trust company needs to pay all the funds invested by investors and the interest generated. If investors don't want to lose profits, they can find other investors to take over. Under normal circumstances, new investors will calculate and pay the due income and principal according to the investor's holding period, and the income in the later period of the trust has nothing to do with the investor.