Protecting your compensation and benefits

Personal Injury Trust

Many personal injury claimants receive welfare benefits due to their injuries. However, if these benefits are means-tested, they may be affected by any compensation you receive for your injuries. You can set up a Personal Injury Trust fund for your compensation payment so that the value of the Trust will be ignored for assessing eligibility to most means-tested benefits and Local Authority support.

At Nelsons, we understand the complexities and sensitivity surrounding personal injury cases. Our expert team of Trust solicitors in Derby, Leicester and Nottingham specialises in creating and managing Personal Injury Trusts, providing you with peace of mind and financial security.

Contact us today via our online enquiry form or call 0800 024 1976 for expert advice.

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How we can help with Personal Injury Trusts

Our team offer the following:

  • A telephone review to help understand your position.
  • A written report highlighting issues for you to consider.
  • Advice on how a Personal Injury Trust can work for you and the best type of Trust to use.
  • Support in helping you to select the right people to be your Trustees.
  • Our services as Professional Trustees should you not know anyone else you feel would be willing or able to act.
  • Access to expert Independent Financial Advisers who can advise on investing funds on behalf of Personal Injury Trusts.
  • Support in arranging a Trust bank account.
  • Registration of the Trust with HM Revenue & Customs where needed.
  • A carefully worded Trust Deed, which is designed to protect against any challenge brought by the benefit agencies.

Why choose Nelsons?

  • Expert legal guidance – We provide comprehensive legal guidance to help you understand the benefits and implications of setting up a Personal Injury Trust. Our team is also recommended by the independently researched publication, The Legal 500.
  • Tailored solutions – Our experts work closely with you to tailor a Personal Injury Trust that suits your specific needs and financial goals, ensuring the protection of your compensation.
  • Financial planning – Through our specialist Investment Management team, we can provide strategic investment advice for your Personal Injury Trust to help you make the most of your compensation while maintaining financial stability. Our goal is to empower you to manage your funds wisely for the long term.
  • Transparent and clear communication – We believe in transparent communication. Throughout the process, we keep you informed about the legal steps, financial implications, and any other relevant information. You can trust us to guide you through every stage with clarity.

Testimonials…

  • "Nelsons...Limited has an extensive offering, with practitioners having experience of trust administration, Court of Protection work, investment management, wills and probate..."

    The Legal 500
  • "The legal work has been excellent and on time. A major difference between Nelsons and other major law firms we have dealt with is that they focus on a personal touch..."

    The Legal 500 2023
  • "....Knowing they are there and can check up on any changes we need to make on legal issues is comforting."

    The Legal 500 2023 (Continued)
  • "Nelsons...acts on matters ranging from wills and estates, lifetime and tax planning, asset protection and care fee planning, through to trust structuring, with a focus on high net-worth individuals and those with international assets."

    The Legal 500 2023
  • "Key strengths and capabilities in my opinion are: – the ability to visit clients at home which reduced anxiety for our family – professionals who are knowledgeable, approachable and respectful..."

    Referee feedback provided to The Legal 500 2024 (Continued)
  • "...– Clear and accurate information regarding the processes involved – Efficient delivery of paperwork, etc."

    Referee feedback provided to The Legal 500 2024 (Continued)

To discuss how we can help you set up and manage your Personal Injury Trust, please call 0800 024 1976 or contact us via our online enquiry form for a guaranteed response.

Meet the team

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Fees for setting-up a Personal Injury Trust

The cost of setting up a Personal Injury Trust, including all advice, ranges from £1,350 to £1,600 plus VAT. Annual ongoing fees will depend on the amount of work we carry out. These costs will usually be paid as part of a personal injury settlement.

Our fees for assisting with opening a bank account range from £600 to £850 plus VAT.

These fees are our standard costs, but these charges may be higher if your case is more complex. If this is the case, then we will provide you with a quote. However, in most cases, our standard fees will apply.

Make an enquiry

If you wish to contact us, please complete the form below. A member of our team will be in touch as soon as possible. When you submit this form, you are consenting to a member of our team to contact you via phone or email regarding your request. We encourage you to review our Privacy Notice for detailed information on how we manage and protect your data.

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Personal Injury Trusts FAQS

Below, we have answered some frequently asked questions concerning personal injury trusts

Get in touch

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