by Mark Thompson | Apr 4, 2023 | Personal injury trust
Registration of personal injury trusts with HMRC is not necessary, in most cases. This is certainly the case with a bare trust for personal injury compensation. Most trusts must be registered with HMRC, to satisfy anti- money laundering regulations. “Trusts arising...
by Mark Thompson | Mar 28, 2023 | Personal injury trust
How do I open a personal injury trust bank account, or, I need to open a personal injury trust account, is what callers often say to me. My answer to such questions is, you first need a trust and the trust must then open an account or accounts to hold your...
by Mark Thompson | Nov 17, 2021 | Personal injury trust
This is the question most often asked by those setting up a personal injury trust. The answer is, you must NOT have personal access the trust fund. Do not worry, I will explain. The whole point of a personal injury trust is to keep the compensation separate from your...
by Mark Thompson | Apr 13, 2020 | Personal injury trust
Personal injury trust bank account use This page is to help you set up and operate a joint current bank account for the trustees of a personal injury trust. It is along similar lines to the information provided to clients of Mark Thompson Law for the creation of a...
by Mark Thompson | May 9, 2019 | Personal injury trust
Do I need a personal injury trust fund? Will I lose my benefits when personal injury compensation is received? This question is asked by people settling personal injury compensation claims, worried they may lose their means tested benefits. You will be relieved to...
