Compensation protection trust
With a compensation protection trust you can protect any compensation that you received from a successful personal injury claim. If you want to set up a trust or want more information on this topic, our expert solicitors are here to assist you with your questions about trusts.
Call us now for compensation protection support
Slater and Gordon have experts in compensation protection trusts ready to help you. Contact us online today or call us on freephone 0330 041 5869 to speak to one of our friendly advisors.
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What is a compensation protection trust?
If you have suffered a personal injury and received compensation, a trust can protect your compensation without restricting your access to the fund.
A compensation protection trust is important to retain your eligibility for means-tested benefits such as:
- Residential care assessments
- Income support
- Income based job seekers allowance
- Income related employment support allowance
- Pension credit
- Housing benefit
- Council tax benefit
Why should I consider legal assistance when setting up a compensation protection trust?
We strongly advise working with an expert solicitor when setting up a compensation protection trust. They can help you with the following:
- Which type of trust is best for you
- Which conditions you should include
- If you can save taxes with your trust
- Ensuring your trust does not conflict with your will
For assistance or further information, then please contact us.
If I die, what happens to my compensation protection trust?
Any funds remaining in your compensation protection trust will become part of your estate and will be shared according to your will or the intestacy law. If you would like advice regarding making a will or altering your current will click here.
Why choose Slater and Gordon?
If you need to protect your compensation and need legal assistance then our team of solicitors are here to offer their expert advice.
Call us on 0330 041 5869 or contact us online here.
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