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As Mark says, you really need to speak to a professional regarding your own circumstances. There are other factors involved besides asset protection. Trusts provide greater flexibility for distributions, so you might be able to distribute income and CG amongst multiple low income earners, but...

You don't have to, no. To the best of my understanding, provided you borrow for income-producing purposes, then you can deduct the interest. With shares, that would mean as long as they pay a dividend, or there's at least reasonable expectation that they will pay one at some stage. GP

One thing to consider with this is what happens if you make a loss (capital loss). If that happens, the loss will be trapped in the trust until it can subsequently be offset by a future capital gain. If the shares were in your own name, then the loss could offset other capital gains you may have...