It is not unusual for an individual to have assets in different jurisdictions which they lose track of as they grow older. People invariably ask institutions to hold their correspondence, but when they die, these assets can be lost from the family forever as nobody knows they exist.

It is not uncommon either, that assets which have been identified disappear into someone else's coffers particularly when they are situated in jurisdictions where, shall we say, the interpretation of law doesn't exactly follow what one might call expected or recognised rules of judicial procedure!

Eliminates the danger of assets lost through forgetfulness or beneficiaries not being aware of assets. Consolidation under one entity can also reduce costs.