Chapter 4850

A family trust was an extremely secure means of asset protection in Europe and the United States. There was a saying in Oskia that wealth does not last for three generations. The reason for this was that the fathers were the ones who made the fortunes whereas the children and grandchildren were the ones who lived extravagantly, squander their money, have low vision, and were incompetent in maintaining their businesses which could easily lead to family bankruptcy and overnight reversion to their original form. The reason for this was because the ability and character of the children and grandchildren were not within their control. Once there was a problem with their ability and character, it would be difficult to prevent the family from going into decline. What’s more, there were also various natural disasters in addition to man-made disasters. However, a family trust effectively eliminated the risk of natural and man-made disasters. Putting one’s own money into the trust meant