Property protection will trust

[anonymous-user]

Are these still ok?

How many trustees does the trust arising on the first death need?

What are their obligations in terms of reporting / filing / tax?

Tia

[ellroy]

Generally advisable to have three trustees for most trusts. All trusts have to report tax return each year.

Beyond that seek proper advice.

[anonymous-user]

Yes, seek proper, independent advice.

If your hoping to protect assets from care costs or IHT, an APT is unlikely to be successful unless you have very good reason, apart from those.

There's a lot of info about the risks and possibilities. I looked into it and concluded it would be a waste of money, but your circumstances may be different.