How to Protect My Property with a Trust?

Setting a Trust is important as this could certainly give a complete protection to your loved one. Trust can help to protect :

1) Spendthrift beneficiary ( a person spending habit can changed at different life stage or by the influential of friends )
2) Protection against Settlor's creditors
3) Protection against Beneficiaries creditors
4) Protection from claims in a divorce

You can set conditions in your trust for the beneficiaries in order to receive income from the Trust fund such as must have university degree or professional qualification by age 25 or must be married and so on. Beneficiary can also be disqualified if he/she becomes bankrupt or convicted of criminal offence. Beneficiary will lose he/she entitlement to the Trust fund if the conditions are not met and will consider as disqualified.
At the end of the Trust period, only the qualify beneficiary will be able to receive Trust asset.

To have this Trust operate effectively, a Protector need to be appointed , He can acts as a watchdog for your beneficiaries. A Protector has the authority to remove or change the Trustee, audit the trust fund, recommend to the Trustee what are the needs of the beneficiaries and which beneficiary can be receiving from the Trust.

Protector / Watchdog can be Settlor's himself/herself during surviving time, it can be also Settlor's spouse,guardian of the child, close relatives or friends or someone trustworthy.