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Don't create trust just because it is fashionable but because you have a need. It can be created for any amount but it is worthwhile to create a trust during good times and not during crisis times.
For business owners worried that any uncertainiities with their business may spill over and cripple their personal finances, creating a trust creates a safety net and re-fencing around your assets.
For parents worried about passing on assets to the next generations for any reasons may want to protect the children as well as the assets by creating trusts along with stipulations.
Many famous families disintegrate due to disputes. A trust can prevent some of those issues from happening.
For families with kin settled abroad, having the NRI kin recognized as trust beneficiaries can make asset transfer easier after one's time.
