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Personal Injury Trusts

In addition to providing portfolio management services for individuals and trusts we also provide investment services for  recipients of personal injury compensation awards who have already put these into a Personal Injury Trust. We can also provide trust set up documentation if required. We understand that it is the practical advantages of a trust that can be invaluable in personal injury claims. Some of the advantages of Personal Injury Trusts in our view are as follows:

· Some claimants may not have the mental capacity required to make their own financial decisions and so the Personal Injury Trust to some extent passes control of the award to the trustees which provides an appropriate mechanism by which money can be managed and applied in the claimant’s best interest.

· In many cases, while having mental capacity, the claimant may lack the experience of managing what could be a relatively substantial amount of money. Lacking such knowledge or even just self confidence to make financial decisions can leave clients vulnerable and this is where the Personal Injury Trust can help.

· Other claimants may simply want to get on with their lives without the worry of having to manage and/or invest an award and so setting up a Personal Injury Trust and placing control of this with the Trustees allows them to do this.

· Personal Injury Trusts can play a vital role in protecting claimant’s entitlement to means assessed state benefits, or funded care compensation awards held in a Trust are disregarded when assessing current or future entitlement to Means – Tested State Benefits/Support. Investing any type of lump sum is not the easiest of tasks but the difficulties are further exacerbated where capital has come from an award of damages because many claimants simply don’t have the option to earn a living, their damages award is vital to their future financial wellbeing. We know and understand how onerous a task it can be to provide such a service for clients. This is where our practical advice and truly caring approach can make all the difference, with the emphasis on simple explanations and effective communication with people from all walks of life.

Please contact us on 0141 249 6890 or email at karen@cfgwealthmanagement.co.uk for further information.