Personal injury trusts

1
PERSONAL INJURY TRUSTS
2
Table of content

• Personal injury description
• What defines a personal injury claim?
• Who benefits from a PI trust?
• The benefits of a PI trust
• When should the trust be established?
• What can the money be used for?
• Our contacts

3

• Personal injury description
• Personal injury trusts are known by different
  names
• Compensation protection trust
• Trust for disabled persona
• Special needs trust

All mean the same thing - a trust established as
the result of a compensation award for a personal
injury IT IS THE SOURSE OF THE AWARD THAT IS
IMPORTANT.
4
What defines a personal injury claim?

• Not just suitable for awards as the result of a
  judgment or Consent order
• Money held in the trust must be derived from a
  payment made as a consequence of a personal
  injury
• But this may include

• Payments from critical illness or other accident
  policies
• Criminal injury compensation scheme payments
• Vaccine damage payments
• Motor insurance bureau payments
• Lump sum payments following charitable
  collections
• Public donations made to injured parties
• Out of court settlement

5
Who benefits from a PI trust?

• Those in receipt of means tested benefits or
  who are likely to receive benefits in the future
• Vulnerable persons

• Someone who has spent the money before it is
  received
• Someone with predatory friends and relatives
• Someone with a history of money or relationship
  difficulties
• Someone lacking financial experience

6
The benefits of a PI trust

• Protection of means Tested benefits now and in
  the future
• Protection against the cost of residential and
  nursing home care
• Protection in the event of future loss of
  capacity
• Possible protection from creditors
• Possible protection in the event of divorce
• Protection from negative influences

7
When should the trust be established?
Dependent on circumstances

• The 52 week disregard
• (Protects claimants means tested benefit
  entitlement
• Protected for a period of 52 weeks from receipt
  of award)

As soon as practicably possible
8
What can the money be used for?

• Spending should
• be for the benefit of the beneficiary
• have the agreement of all trustees

• Typical uses may include
• holidays
• school or university fees
• new car purchase

9
CONTACT US
801 N. Brand Blvd. Suite 210Glendale, CA
91203 Tel. [phone]Fax [phone]
www.facebook.com/MargarianLaw www.linkedin.com/co
mpany/margarian-law https//www.youtube.com/user/
dealerfraudlawyer
10
For further information visit
http//margarianlaw.com/ https//en.wikipedia.org
/wiki/Personal_injury_trust http//ow.ly/XkVCj
11
Thank you!