Personal Injury Trusts play a crucial role when you receive compensation after an injury. As a result, they protect your benefits and keep them accessible.
At Dawn Solicitors, we recognise that the claims process can feel overwhelming. Therefore, we guide you through setting up a Personal Injury Trust that are tailored specifically to your needs.
A Personal Injury Trust protects your compensation by holding it securely in a legal arrangement. As a result, it helps you keep your eligibility for means-tested benefits intact.
Without a trust, you may lose access to those benefits if your compensation goes over financial limits. Therefore, by setting up a trust early, you actively protect both your award and your long-term financial stability.
You should consider Personal Injury Trusts for several important reasons. Firstly, they actively protect your right to claim essential benefits, such as Universal Credit or Housing Benefit.
Secondly, they help you manage your compensation wisely, especially if you’re vulnerable or unfamiliar with handling large sums.
Lastly, they prevent issues like deliberate deprivation of assets, which the DWP may otherwise use to penalise careless spending.
Timing plays a crucial role when you set up a Personal Injury Trust. Therefore, the Department for Work and Pensions (DWP) allows a 52-week disregard period for your initial payment.
However, after this period ends, any unspent compensation begins to impact your benefits. Consequently, we strongly advise you to create the trust before you receive your final award.
Moreover, you can even use a small amount from an interim payment to establish the trust early.
Trustees manage your Personal Injury Trust and play a vital role in protecting your compensation. Therefore, you can choose trusted family members, close friends, or experienced professionals.
Although family members may understand your personal needs, professionals offer impartial and expert oversight. Moreover, by combining both, you create a balanced approach that ensures your interests stay protected.
At Dawn Solicitors, we actively guide you in selecting reliable trustees, and if needed, we can also act as your professional trustee.
Creating a Personal Injury Trust involves costs that vary based on the complexity of your case. Typically, you pay for both the initial setup and any ongoing professional management.
However, Dawn Solicitors offers fixed-fee pricing to ensure clarity from the start. In addition, we provide a free, no-obligation consultation to assess your personal circumstances. As a result, our transparent approach empowers you to make informed decisions without facing any unexpected costs.
Dawn Solicitors specialises in Personal Injury Trusts and offers complete guidance from start to finish. We ensure full legal compliance at every stage.
We first assess whether a trust suits your situation, then draft all necessary documentation, and continue to support you throughout. Moreover, we clearly explain each step so you feel confident and informed.
As a result, we help protect your compensation and safeguard your access to essential benefits.
To contact a solicitor from our firm, simply call us at +44 1753 530 111 or send us an email on info@dawnsolicitors.com
Personal Injury Trusts do more than serve as legal tools, they actively protect your future. Moreover, they safeguard your benefits, offer structured financial control, and reduce unnecessary risks.
At Dawn Solicitors, we proudly support you at every stage of your recovery. Therefore, contact us today to explore how a trust can protect your award and secure your long-term stability.
Yes, you might. Even if you don’t claim benefits now, circumstances can change. Setting up a trust keeps future options open.
Yes, but only through your trustees. This structure ensures your money is used responsibly and in your best interest.