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Personal Injury Trusts
A Personal Injury Trust is a trust that is set up using an award of compensation arising from personal injury. There are a number of different types of trust that you can set up. We will help you choose the right type of trust for you and your circumstances.
What are the benefits of using a personal injury trust?
Personal injury trusts can be useful tools to shelter your award of damages against a variety of threats, including attack from unscrupulous individuals who may look to prey on vulnerable individuals for their own gain.
A personal injury trust can also be used to safeguard current and future entitlement to means tested benefits. Even if you are not entitled to means tested benefits now, should your circumstances change you may become entitled to means tested benefits in the future, e.g. assistance with the cost of care. If you have not set up your trust when your damages are received you may lose your chance to safeguard your money.
If you are already in receipt of means tested benefits then a Personal Injury Trust should be set up before you receive any part of your award of compensation.
A personal injury trust offers a variety of benefits to the recipient of the compensation award both now and for the future. We will advise you whether a personal injury trust is suitable for you and if so, what type. We aim to make the whole process tailored to your needs and as straightforward as possible.