What are the common use of a trust?

A trust is the solution for individuals who:

1.     Want to preserve their wealth against uncertainty, political, economic or family
2.     Want to transfer wealth to their heirs in a tax-efficient manner
3.     Want to plan their estate to maximize the benefits of their wealth for family members and others
4.     Want to transfer wealth to their heirs in accordance with their wishes and not in accordance with the laws of the country where they live
5.     Want to consolidate the ownership of assets owned throughout the world in one location
6.     Want centralised reporting
7.     Want to minimise or eliminate estate taxes arising on the death of the settlor