Excellent way to protect assets
As soon as the trust is formed and the assets are transferred out of the trust founder’s name, the trust founder is no longer the owner of those assets.
If the trustees wish to purchase additional property, the property will be registered in the name of the trust and not the trustees.
While there are advantages to using a trust to purchase and own property, there are also disadvantages. In that, because the trust founder is no longer the owner of the assets, he or she does not have sole control over them.