When someone receives compensation following a personal injury claim, a Personal Injury Trust may be arranged. Setting up a Personal Injury Trust means that personal injury compensation can be paid into a trust bank account and will not be taken into account when means-tested benefits are being assessed.
We are often surprised by the advice given to people receiving accident compensation about personal injury trusts. The advice presents a personal injury trust as an optional extra. A personal injury trust is vital in many cases and advisable in others.
Trust planning is complex, and we strongly recommend that you contact us for further guidance.