By transferring legal title to an enduring legal entity, common problems in probate proceedings, such as delays, costs, and public disclosure, can be avoided following the settlor's incapacity or death.

A properly structured irrevocable trust can isolate trust assets from the settlor's personal assets. Isolated assets are shielded from marital property claims against the beneficiary.

By transferring future value-added out of the settlor's taxable estate, estate or inheritance tax are reduced or exempted.

The risks arising from beneficiaries' inexperience, propensity for extravagance, or minority can be effectively mitigated by professional trustees managing the assets.