Personal Injury Trusts
If you have sustained an injury and as a consequence have not been able to work, you may need to rely on state help by claiming benefits. Many benefits are means tested which will often result in your benefits ceasing when compensation is paid to you. It is possible to safeguard any compensation award you receive with a Personal Injury Trust.
How we can help
We act on behalf of many clients who utilise trusts to safeguard their compensation and benefits. Even if your compensation claim was not dealt with by us, we may still be able to advise you on how a trust might be of benefit to you.
We can deal with the necessary paperwork on your behalf in setting up the trust and also take the necessary steps to inform the Inland Revenue and local authority regarding the existence of the trust.
We can assist you with the yearly management of the trust, to include filing Income Tax returns, reviewing investments and taking further investment advice if necessary, together with the general management of the trust.
Both our Brain Injury and Private Client teams are experienced in dealing with compensation claims that can benefit from the use of a trust. In particular, our trust experts can set up and advise on the practical day to day aspects of running the trust.
Read more in our Mythbusters Guide: Personal Injury Trusts
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Please contact one of the team to discuss your specific requirements.