My FAQs
Do you need a personal injury trust? Have you received compensation and don’t know what to do next?
I need a personal trust FAQ
This FAQ is for those who have not yet receieved compensation, or only the first payment.
This FAQ covers questions like “Are personal injury trusts taxed?”, “Can family members be trustees?” and “Can I make gifts to family members from my personal injury trust?”.
I have received compensation FAQ
This FAQ includes detailed questions from those who have received compensation.
For example, “Once I have been offered compensation should I tell Universal Credit right away or wait till I get the money? Do I need a lawyer to set up the trust account?”
Recent Articles
Is a personal injury trust taxed?
This information is written for those with bare trusts which hold personal injurycompensation. There are other types of trust for personal injury compensation,which are taxed differently. This solicitor practice only writes bare trusts, so wewill stick to those...
Is there a time limit for setting up a personal injury compensation trust?
No, is the answer, but if you are claiming benefits, your benefits will be reduced until you set up a trust. This question is usually asked by those who have received compensation and were not claiming benefits at that time. Some benefit claimants receive...