Services for Professionals
Personal Injury Trusts
WHAT IS A PERSONAL INJURY TRUST?
A personal injury trust is a legal arrangement whereby ‘trustees’ hold and manage a personal injury award for a ‘beneficiary’, to ensure that the beneficiary can retain their entitlement to means-tested benefits, and/or minimises their contribution towards the costs of long term care provided by their local authority social services department.
This is because regulations state, subject to conditions, personal injury awards held in this way are to be disregarded when assessing entitlement to means-tested benefits and contributions towards local authority care costs.