Personal injury trusts

Money held in a personal injury trust can be accessed by ‘trustees’ – usually a spouse, partner, or a parent, but may be solicitors, especially if the compensation is for a child.

They hold the money ‘on trust’ for the injured person or ‘beneficiary’. All trustees must agree to release the money when it’s needed. You and your partner can have £6,000 (between you) outside of the personal injury trust before your benefits will be affected. You can top up your own account with money from your trust.

Our specialist solicitors can advise you on:

• Who to appoint as trustees
• The preparation of trust documents
• Accounts and tax returns for your trust
• Appointing new trustees or removing existing trustees
• Whether a Personal Injury Trust is the right option for you
• How to run your trust in future to protect your entitlement to benefits
• What benefits you’re entitled to, or may become entitled to in the future
• What information to provide to your bank or building society to set up the trust bank account
• What documentation to provide to the Benefits Agency and Local Authority to ensure your benefit entitlement is protected