by Mark Thompson | Dec 8, 2014 | Personal injury trust
Compensation protection trust Compensation protection trust is one of the names given to a trust designed to ensure that personal injury compensation is not taken into account if you claim means-tested benefits or need local authority support for residential care. The...
by Mark Thompson | Dec 2, 2014 | Personal injury trust
Is there a time limit of 52 weeks for setting up a personal injury trust? There is no time limit within which a trust to protect compensation must be set up. The best approach is to set up a trust to protect your compensation as soon as you receive the compensation....
by Mark Thompson | Nov 26, 2014 | Personal injury trust
Do I need a personal injury trust? Receiving means-tested benefits depends on the money held by you and those included in your claim. The usual barrier to a claim is holding £16,000, but if you hold more than £6,000, your benefits will be reduced. When you receive a...
by Mark Thompson | Jun 17, 2014 | Personal injury trust
You can see from the questions I am asked, there is a shortage of clear advice about compensation protection trusts, or personal injury trusts, as they are better known. The banks and building societies often lack experience of opening accounts for trustees. This...
by Mark Thompson | Feb 28, 2014 | Personal injury trust
If you receive compensation for personal injury, you must inform the agencies handling your claim for means-tested benefits. It is the change in your financial circumstances which makes notice necessary. If I prepare a trust for you, I will inform the benefit agencies...
