If you have been awarded compensation (damages) due to a Personal Injury claim you may find that you are no longer entitled to certain means tested benefits, either now or in the future.
A Personal Injury Trust is a legal document that allows any compensation you receive to be disregarded when considering means tested benefits entitlement. It can also protect any compensation from being used for future residential care fees.
It is best to consider the future implications of your compensation award at the outset and set up a Personal Injury Trust so to retain the compensation and retain your rights to means tested benefits and state help, whether now or in the future.
Trusts can be a great option, when you are considering your Estate and assets. There are many reasons for doing this and they can be done during lifetime or via your Will, which is when the majority of trusts are set up. The main Trusts include the following;
We can help with Trusts whether it be the initial documentation or the administration of the trust.
Contact us today to arrange a consultation.