The legitimacy of asset protection trusts is highly questionable given that the Care Act specifically guards against the deliberate deprivation of assets
It was with disappointment, but not surprise, that I read that eight members of a 'dubious' estate planning company were recently sentenced for offences including fraudulent trading.
The eight individuals ran an organisation under various trading names, purportedly carrying out estate planning activities including drafting wills, lasting powers of attorney and executing trusts intended to avoid paying care home fees.
Over the course of two years, the group took more than £250,000 in upfront fees and only delivered o...
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