Entity and Legal Persona
The specialty of such a trust is that it is a completely different legal entity, and is not an attachment to a specified, bank or insurance company. This legal provision makes it quite independent and thereby, the risk of losing money, being prey to fraud, dependency on unnecessary compliance gets completely eliminated. Apart from that the beneficiaries can never be deprived of their benefit, on any possible, rational and legal grounds. In short, it's an almost foolproof provision. All you need is a lawyer and a trustee.