Personal Injury Trust

Personal Injury Trust

If you have been awarded compensation for a personal injury you may find that the award affects your means tested state benefits.

Your personal injury award has been made to cover your loss of earnings or maybe to pay for adaptations to your home. A personal injury trust may help you to be able to continue receiving state benefits by ensuring your compensation is not taken into account when deciding if you are entitled to benefits.

You and your partner can have £6,000 between you before your benefits will be affected. The trust operates by placing the money in an account or investment in the name of Trustees (often you and your spouse or partner, parents, friends or Solicitors). The Trustees hold the money for you as the beneficiary and release it as and when required. The trust money is in a special account separate from your personal finances.

We can help you with:

  • whether a Personal Injury Trust is right for you
  • who to appoint as Trustees
  • the preparation of suitable trust documents
  • tax returns for your trust
  • advice on how to run your trust and how to notify the Benefits Agency

Gotelee’s breadth of experience enables us to deal with all aspects of your personal injury from claim and settlement to the setting up of the trust with clear, concise advice every step of the way.

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Testimonials

"I have used Tracey Laflin at Gotelee on a number of occasions and in my opinion, she is simply the most efficient conveyancing solicitor I have ever worked with. From the outset, she took the time to understand my specific business requirements and to date, she has exceeded all of my expectations."

- Dale Fiddy - Portobello Developments Ltd

"I don't think this house sale would have pulled together without Jo's determination and expertise. Excellent!"

- MT

"Jade made the process of buying our first home quick, easy and took the stress out of a new chapter of our lives"

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"We found Rachel Dawson outstanding, polite, professional and caring."

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"I would like to say thank you for your help, support and guidance over the last two and a half years. Obviously should I need further assistance in the future I shall not hesitate to call you guys."

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"“ This is the second time we have used Tracey for the conveyancing to buy our new home. She is always completely approachable, she has helped us along the way with advice and useful tips that has helped lessen the stress. We have complete confidence in her and would not hesitate to recommend her to our friends and family”.  - Peter Dawes, Cater Dawes Financial Planning "

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"Jade Shelton was absolutely fantastic!! Professional and proactive at all times."

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