What is the cost of a personal injury trust?

What does it cost to set up a personal injury trust?

How much does it cost for a personal injury trust? £480 fixed fee

I charge a fixed fee of £400 plus VAT, that is £480 in total. This price is current as at September 2023.

I will prepare a bare trust document, called a trust deed. I will coach you and the trustees through the signature process and the opening of a bank account. Once that bank account is open, I will give notice of the compensation and trust to benefit agencies. This tends to smooth the path and, I know, many people are nervous about contacting benefit agencies.

There is no ongoing charge. I am often asked about such charges, which I think might be charged if you appoint a professional trustee.

I prefer to work on a fixed fee, so we know where we stand. You may not be able to pay immediately, so do ask me about paying the fee from the compensation once the trust is set up.

Compare the cost with the benefits you receive. Compared to losing your benefits, the cost to set up a personal injury trust is very good value for money. A trust is the only legitimate way to protect your benefits, so you will come to see it as a postive thing.

I have heard of a wide range of fees charged for preparation of personal injury trusts. I think my fee is fair, but if you hear of a fairer one, do please let me know.

Related Content

A personal injury trust is a positive thing, not a problem
Personal injury trusts and how I can help
Personal injury trusts guide

Protect your compensation

Receiving interim or final compensation payment?

You may need a trust to protect benefits and local authority care.

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