Former law firm McClure's collapse provides difficulties for those with 'Family Protection Trusts', but George Green may be able to help.

Scottish law firm, WW & McClure Limited, provided a variety of legal services including setting up ‘Family Protection Trusts’ which usually involved the settlor (the person who set up the Trust) transferring their home and investments into the Trust. McClure ceased trading in 2021.

Following the collapse of McClure solicitors, former clients and their families have encountered difficulties in dealing with the property and investments within their Trusts, as former solicitors of McClure or the McClure Trust Corporation (now the Jones Whyte Trust Corporation) remain as trustees. This has meant that in many situations the trustees either need to be removed or retired with new trustees being appointed in their place in order to access investments in the Trusts or move house.

Particular difficulties have arisen when settlors have passed away, and their families are having to deal with Trusts which they may not have been aware existed.

Some of the former solicitors of McClure are also charging fees for their attention to and signature of documents to retire themselves as trustees.

George Green have experience in updating the trustees of McClure Family Protection Trusts and are here to help. If you have a Family Protection Trust made by McClure and would like some assistance, then get in touch with our Private Client team on 01384 410 410 or complete our online enquiry form.

If you would also like more information about McClure, the Law Society of Scotland’s FAQs can be visited here.