Family trusts, page-8

My understanding is that trusts are set up to protect the families assets.
All members of the family are included in the trust and the assets of the trust are therefore protected from creditors in case of bankruptcy.
It kinda means the kids are not left destitute if mum or dad stuff up.
The part that I have a problem with is all income into the trust - say Dads CEO salary, is split between all member's of the trust and taxed individually.
That can save many thousands $$$.
But is it fair?
I don't think so.