HOW TRUSTS PRESERVE GENERATIONAL WEALTH.

The article reports that articles on trusts are often aimed at settlors or donors to highlight the benefit of trusts and the role they play in estate planning at the ‘first-generation' level wealth. It mentions that the article aims to illustrate to second-generation beneficiaries the effect of the decisions their parents took on their behalf to establish a trust in which to grow their assets with donations to the trust in the amount of the donations tax allowance.