Claimants who receive a personal injury compensation award of £6,000 or more, are below pension age and in receipt of means tested benefit, or in receipt of community care support, or are likely to be in receipt of the such benefits in the future, should consider whether they would benefit from having a personal injury trust.
A personal injury trust can protect an injured party’s financial position and ensure any compensation received does not adversely affect any entitlement to State benefits now or in the future.
The cost of setting up a personal injury trust is recoverable from the defendant to the claim.
Whilst a claimant has a period of 52 weeks from when the first payment is received (either an interim or final settlement) to set up a trust, in practice the sooner it is set up the better.
To find out more please click on the attached Information Sheet or call 0800 316 8892 and ask to speak to one of our specialist personal injury and clinical negligence lawyers.