Trust was invented by the British who regard it as the largest achievement in the area of law and legislation in the country's history. 

Why do we need trust? Let’s look at the core function of it. At the same time, the management approaches of trust are very flexible and it can be used in a broad scope of fields. A large number of financial businesses can be completed through trust so it is an inseparable part in the field of finance. However, we, as ordinary people, don’t have a deep impression about it in our daily life. Why? Trust can not be accessed by the general public because it has a lot of requirements with many barriers to enter. Therefore, the products of trust are usually regarded as high-end products for asset management. The reason why the threshold of trust is too high to be stepped over by us is that the investors need to have strong capability of enduring the outcomes of high risks. If someone can not guarantee his or her basic life quality, it is meaningless to choose the products of trust. 

To have trust, we should learn about the basic procedure of it. In the whole process of having trust, three parties involved, those are, the principal, the trustee, and the beneficiary. Among them, trustees are always the companies with trust services. These trustees can manage or deal with the assets of principals to produce more benefits and profits for the beneficiaries. It should be noted that the principal and the beneficiary can be the same or not. Due to the uniqueness of trust, efficient and strict supervision is needed to monitor the conditions of this industry or the whole market will be in chaos. Once you “give” the certain amount of assets to the trustee, you are kind of totally trusting this person or company, which is why trust gets its name. 

Traditionally, trust can be used for many other purposes, such as passing on the assets within the family, providing money to people in their twilight years or even tax evasion in some particular cases, etc. For example, during his study of arts in Austria, Hitler got his tuition fees and living expenses from the trust held by an elderly member of his family . Therefore, in addition to making investments, trust is also used as a convenient way for a certain group of people to sustain their lives and guarantee their life qualities. It is a product of particular use for families. 

It is because of its nature and threshold, the actual number of businesses of trust companies are quite limited because it can not be accessed by ordinary people. But it does have unique functions of finance management and provide guarantees for people to have a respectful and enjoyable life, though it does not serve the general public.

（Writer：Leo）