Personal injury trusts are usually (though not exclusively) created in circumstances where the person who has been injured is already in receipt of means-tested benefits and wishes to preserve their and their family’s entitlement to means-tested benefits, even though they are due to receive a payment of damages arising from a personal injury claim.
A personal injury trust is not in fact a specific type of trust but is a description of the source of the money used to set up the trust.
There are other possible reasons for creating a personal injury trust. For example, the injured person may have no experience of handling large sums of money, or they may wish to protect their damages from grasping relatives or friends.
Alternatively, the injured person may have an unstable mental condition, or may just want to get on with life without worrying about financial administration.
This is why Attwaters Jameson Hill’s Wills, Trusts & Probate team is here.
We pledge to provide every client with outstanding personal service and communication, unrivalled industry knowledge and a proven track record of advising our clients and their families on the most appropriate form of personal injury trust for their requirements.
How do we achieve this?
We will advise you about the appropriate type of trust for you, in conjunction with your personal injury lawyer.
If you wish to create a personal injury trust in order to preserve entitlement to means-tested benefits, we will make sure your trust is created before you have received the money, as current law dictates.
Attwaters Jameson Hill’s Wills, Trusts & Probate specialists are available in all our offices and can arrange to visit you in your own home, nursing home or hospital if preferred.