Families that are interested in directing assets in the event of death while lowering and deferring tax consequences. Setting up a trust is a way to direct assets to chosen loved ones or even charities without contact with any court. There are ways to construct a trust to provide for succeeding generations and provide for beneficiaries who have not reached age of majority. Of the most importance in setting up an estate plan is for persons whose wealth exceeds the statutory limit for inheritance tax. There are several vehicles for abating the inheritance tax which require planning which can benefit succeeding generations to see that the benefit is passed on to the greatest extent possible.