Family Protection Trusts are arrangements built into a Will or set up by a trust deed to place assets into a trust for specific family members, usually to provide for vulnerable relatives while preserving overall wealth and control. A solicitor drafts the trust provisions, appoints and guides trustees, and determines how capital and income are used for beneficiaries. They may combine the trust with a life interest in a home, protect against certain claims, and advise on inheritance and tax implications, guiding executors through registration and administration.
Where a solicitor protects your position
The trust terms set binding duties for trustees, the level of ongoing control, and the safeguards for vulnerable beneficiaries. The solicitor’s role includes outlining the consequences of distributions, ensuring compliance with inheritance tax planning, and addressing potential disputes, while providing professional accountability, protected client accounts, and the right to practice in Court of Session or High Court proceedings if needed.
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