Over the last few days I have been on a law course and made some new friends. One was a senior lawyer with one of the big tier law firms. He drafts trust deeds from scratch - yet he had no idea of how the asset protection side worked. He didn't know the consequences of the Bamford case which is one of the more recent and significant cases involving the taxation of trusts and he didn't about the bankruptcy act or much about the planning of succession for trusts. Nice guy though!