Many personal injury claimants receive welfare benefits:-
- Your benefits may be affected when they receive your damages for Personal Injury
- You can set up a Personal Injury Trust fund with the damages paid so that the value of the Trust will be ignored for the assessment of eligibility to most means-tested benefits and local authority support
The type of Trust used for a Personal Injury Trust may vary according to your needs, family circumstances and the possible involvement of the Court:-
- It might be a Bare Trust
- A Discretionary Trust
- A Life Interest Trust or a hybrid
It is the source of the funds not the type of Trust that determines whether or not it's a Personal Injury Trust:-
- Terminology can vary - they are sometimes called Special Needs Trusts or Trusts for Disabled People
- Again, it's the source of the funds not the title that is important
For larger sums the Courts may insist on a Professional Trustee being used or the damages received may have to be managed under the Court of Protection.
Please contact us to discuss how we can help you set up and manage your Personal Injury Trust.
