Specialist Personal Injury Trust Solicitors
If you have been awarded a compensation payment as a result of personal injury proceedings, your entitlement to claim means-tested benefits, such as Income Support, Housing Benefit, and Council Tax Benefit, can be affected unless it is paid into a personal injury trust.
Speaking generally, if you have over £6,000 in capital you are at risk of having your benefits reduced by £1 for every £250 you own over and above £6,000. If you have over £16,000 then you will probably lose your means-tested benefits entirely. Please be advised that the rules are different for those of pensionable age.
Under the current rules, any payment in respect of a personal injury that is held in a trust is completely disregarded when assessing your entitlement to means-tested benefits. This allows you to use your compensation as it was intended, and not simply as a benefits substitute.
In order to set up a trust you require two trustees. One of those would ordinarily be you (the person who has received the compensation award), and then you would look to appoint either a trusted family member, friend or a professional trustee to act alongside you.
We provide professional trustee services and can act as a co-trustee, giving you peace of mind that your finances are secure and that they are monitored and administered effectively. You will have an experienced professional to provide you with guidance on what might be an appropriate way to manage your money.
Whether you use a professional trustee or not, we can also prepare all of the necessary trust documentation, which will be tailored to suit your individual needs.
We will also explain the main provisions of the trust and provide any ongoing support or advice you require.
Please contact us for more information about personal injury trusts, including a tailored quote.
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Hi Julia. Thank you so much for all your efforts to help me . I have to say this would not have happened without you! You are all an amazing team and I really feel you all care !! So thankful to pat for recommending you all , she’s such a lovely lady . Our house is beautiful and we are on cloud 9! And more to the point, I’m finally rid of that bully for good! I would highly recommend you and your team to anyone! Thanks a million! JW.
I would like to say a sincere thanks to Jemma and EMG for helping me through a difficult time with a long term tenant who, through ill health was unable to carry on paying the rent and has since moved on to long term care, via the court of protection.
If Jemma hadn’t become involved and guided me through the difficult procedures to recover the arrears and regain the possession, I think we may have been struggling through without resolution for many months or even years.
I would certainly recommend Jemma and EMG to others in this position as you get the feeling that they really do care about your problems, but also in a very professional manner too.
“Thanks to Sam, I feel like a weight has been lifted off my shoulders. Thank you again for your time. I certainly will recommend you and EMG for your professionalism and your kindness.” D. Rutter
“ Jemma – I just wanted you know how grateful I am for all your help and assistance at the tribunal, also your concern and caring manner you always have for us all.”
Thank you also for Richard, 100% agree with all your past clients, he so easy to work with, keeps you updated, fast and in general made the whole process (almost; as much as can be when buying a house 😉) stress free!
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Thanks to my Mam and Dad for their help and support through it all, I couldn’t have done it without them!! And Callum and EMG Solicitors you’ve been amazing”
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