Agree with the posts above. Appears to be ok but would suggest obtaining confirmation from an accountant (so you have legal recourse if the answer is wrong!).

Hi Meggy, do you have a specific need for asset protection (ie: are you a director of a company or run your own business?) or are you talking just in general?

As said above trusts may not be effective depending on the circumstances. As a general rule if someone is doing something really wrong (ie: fraud/illegal activities) then the courts will…[Read more]