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The Importance of Trusts: Protecting Your Assets and Legacy A trust  is a powerful legal tool designed to protect your assets, manage wealth, and ensure that your wishes are carried out effectively. Whether for personal or business purposes, setting up a trust offers several long-term benefits that go beyond simple estate planning. Here are four key reasons why trusts are so important: Asset Protection:  A trust can shield your assets from creditors, lawsuits, or unforeseen f