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Can I access my personal injury trust bank account?

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...

How to set up and operate a trust bank account

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...

Personal injury trust fund to protect means tested benefits

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...

Personal injury trust for Northern Ireland

by Mark Thompson | Apr 7, 2019 | Personal injury trust

Personal injury trust for those with personal injury compensation in Northern Ireland Those living in Northern Ireland can set up a trust for personal injury compensation. I can prepare the trust for you. All information on this website applies to those in Northern...

A personal injury trust is a positive thing

by Mark Thompson | Mar 31, 2019 | Personal injury trust

A personal injury trust is a positive thing, not a problem. A trust is created by a legal document, called a trust deed. Trustees are appointed and hold the trust fund separate from your personal money. The trust is an arrangement to allow trustees to hold and use...

What is the cost of a personal injury trust?

by Mark Thompson | Jul 29, 2017 | Personal injury trust

What does it cost to set up a personal injury trust? I charge a fixed fee of £550 including VAT. This price is current from 17 April 2025. I will prepare a bare trust document, called a trust deed. I will coach you and the trustees through the signature process and...
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Recent posts

  • Is a personal injury trust taxed?
  • Is there a time limit for setting up a personal injury compensation trust?
  • Your personal injury trust trumps the bank account
  • Documents required for personal injury trust
  • Is a personal injury trust complicated?
  • Must I register a personal injury trust with HMRC?
  • Personal injury trust bank account
  • Can I access my personal injury trust bank account?
  • How to set up and operate a trust bank account
  • Personal injury trust fund to protect means tested benefits
  • Personal injury trust for Northern Ireland
  • A personal injury trust is a positive thing
  • What is the cost of a personal injury trust?
  • Protect your Armed Forces Compensation Scheme payments with a personal injury trust
  • Personal injury trusts and how I will help you
  • Personal injury trust
  • If I do not claim benefits do I need a personal injury trust?
  • Do I need a personal injury trust?
  • How to set up a personal injury trust
  • What are the pros and cons of a personal injury trust?
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