What benefits arise from these family protection trusts - very little in my estimation, apart from the fees paid to the solicitors/promotors of the trust schemes - especially if they get themselves appointed as trustees. A friend of mine was nearly inveigled into putting her house into such a trust, until she had the sense to run the draft documentation past me. The documents were a drafting disaster and, if completed, would have effectively deprived her of the very house she lived in as assigned to a discretionary trust under the control of a relative, who would have been able to evict her on six weeks notice. I wouldn't touch such schemes with a barge-pole!
When I drafted deeds to remove these (add word of your choice) as trustees from the pointless trust they had set up for my client, they demanded an admin fee of £100. This is on top of the £4,000 they charged for the worthless family trust and Wills in the first place.
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