Trust

✅  Asset protection benefits

✅  Potential tax advantages through income distribution

✅  Flexibility in distributing income

✅  Separation of control and beneficial ownership

✅  Capital gains tax concessions

✅  Estate planning benefits

❌  Complex and expensive to establish

❌  Requires a formal trust deed

❌  Ongoing administrative complexity

❌  Losses cannot be distributed to beneficiaries

❌  Higher setup and maintenance costs

❌  Limited lifespan (usually 80 years)