If you have been awarded compensation as a result of a personal injury claim, it is highly likely that you will have received significant funds without necessarily knowing how best to invest them.
A sudden increase in your funds may mean that you are no longer eligible for means-tested State funding such as Job Seekers’ allowance, Income support and Housing benefit. Such benefits may be crucial to you to cover a loss of earnings, or to help you cope with an injury or trauma that has had a dramatic effect on your life.
A Personal Injury Trust is a way of ensuring that your newly-acquired funds are not only protected for the future, but also that this may be done in such a way that it does not have an adverse effect on your eligibility for benefits.
Not only have our Wills, Trusts and Probate team helped numerous clients set up Personal Injury Trusts, but the expert advice provided by our lawyers has enable our clients’ money to be safeguarded for the future.
Our Wills, Trusts and Probate team offers a full service, including advising, creating and managing Trusts for you and/or your family.
Our lawyers provide straight-forward legal advice, and they can assist you at every step, making the process as easy as possible for you.
N.B. It is vitally important that, if you wish to enter into a Personal Injury Trust, you contact one of our lawyers prior to receiving any payment of damages, including any interim payments. For these Trusts to be effective, the Trust must be created and declared to the tax authorities within one year of receiving your first payment of any compensation.