Skip to main content
SouthHams.com Logo search icon

Nash & Co are on hand to help if you have fallen victim to a Family Protection Trust

SA Updated
Nash & Co are on hand to help if you have fallen victim to a Family Protection Trust

Blog Tags

Search by Tag
Select existing or new tags and apply to your post.

Associated Listings

Member Listing

Nash & Co Solicitors are the experts in digging clients out of a hole that McClure Solicitors left many of their own clients in. 

When McClure Solicitors went into administration in 2021, thousands of clients across the UK were left uncertain about what to do next. One of the biggest areas of concern are Family Protection Trusts, many of which were set up without clear advice, leaving people in difficult situations.

At Nash & Co Solicitors, we’ve been helping individuals and families untangle the issues that followed McClure’s closure. Associate Solicitor Amy Douch has supported many affected clients and explained how these situations often came about.

“Many people were drawn in by a ‘free will’ offer, often as part of a charity promotion,” said Amy. “But what they weren’t always told was that they’d be encouraged to set up a Family Protection Trust and that this would usually see their home move into the trust to try and protect it from future care fees.”

By the time McClure closed its doors, Jones Whyte Solicitors – the firm that took over custody of McClure’s documents – estimated that almost 19,000 of these trusts had been set up.

The problem with these trusts are rarely suitable for everyone, and in many cases, they come with serious tax consequences that weren’t properly explained at the time.

“Some clients are now facing unexpected tax bills,” Amy explained. “Most had no idea there would be a ten-year tax charge, and they weren’t told what that could mean for them down the line.”

Since 2021, Nash & Co have become highly experienced and respected nationally, for helping clients review, understand the implications of their Family Protection Trusts, and address the problems that these trusts have caused them. Every situation is different – and the best course of action depends on the individual’s family circumstances and finances.

Amy continued: “For some people, keeping the trust in place is the right decision. For others, there may be better options. We take the time to go through everything with them clearly, so people feel confident about their choices and they know what’s ahead for them.”

If you were affected by the closure of McClure Solicitors and need advice about a Family Protection Trust, you can get in touch with Nash & Co Solicitors via their listing on our website — or contact Amy Douch directly at This email address is being protected from spambots. You need JavaScript enabled to view it. (01752 827065). 

 

User comments

There are no user comments for this listing.
Comments

You might also be interested in

Community effort reunites missing cygnet with family
Category: General News
A cygnet has been rescued and reunited with its family after becoming separated during a firework display. 
Fire at Westbrook Laundry believed to be accidental
Category: General News
A fire at Westbrook Laundrette on Tuesday, 21 July, is believed to have started accidentally. 
Police appeal for witnesses after fatal crash
Category: General News
A man from Ivybridge has been killed in a collision on the A38 near Buckfastleigh and the police are appealing for witnesses and dash-cam...
Police appeal for witnesses after racially aggravated incident
Category: General News
Officers are appealing for the public’s help to identify this man in connection with a racially aggravated public order incident in Plympton. ...
Kingsbridge Recreation Ground has retained its Green Flag Award for another year
Category: General News
Kingsbridge Recreation Ground has once again been recognised as one of the country’s best parks and green spaces after receiving a Green Flag Award....
Ivybridge and parishes to be absorbed by Plymouth City Council, Kingswear by Torbay
Category: General News
Plymouth City Council, Torbay Council and Exeter City Council are expanding to absorb South Hams towns and parishes, while the rest of the South...

Have you got some important news, a special offer, a promotion or an event you'd like to tell us about? Contact us today and we'll get the word out! We'll share on our social media and include within our popular monthly newsletter.