Yes, I was put off the idea of trusts when Gorgon Brown did all sorts of nasty things to them. Then the banks got a fit of the willies and expected trusts to complete paperwork for the US government (WTF) and various tweaks to trust have followed. My mother was the beneficiary of a trust run by a well known solicitors in the town where she was born. Father could not work out what the trust accountants had done with her money and asked me to look at their back of a fag packet accounts. They were garbage and that was why father could not understand them. I appeared that at least 20 years of accounts had been screwed up and when the solicitors heard my of my analysis they promptly sold their accountancy team and folded themselves into someone else. Of course it could all have been a co-incidence that they wrapped themselves up that way, but it did not make me want to set up a trust anytime soon. Though we possibly need(ed?) one and my wife is keen to settle one on our disabled daughter. The big problem is that they now look like a brilliant way to give money to a shark or HMRC and probably both, (are they really that different?) so she would not benefit.
