Personal Injury Trust Lawyers, Lincolnshire
If you have received compensation following a Personal Injury claim, you could be eligible for a Personal Injury Trust. This can prevent a loss of any means-tested benefits.
We are experts in this highly complex area, and can provide practical, hands on support for Clients in Skegness, Boston, Sleaford, Lincoln, Scunthorpe, Grimsby, rural Lincolnshire and throughout the UK.
Many means-tested benefits require you to have no more than £6,000 in savings. By putting any compensation you receive into a Trust, this money will not affect your capital savings limit.
You may not receive means-tested benefits right now, but you may wish to protect your compensation from the growing cost of long-term residential care in the future.
It is recommended that you appoint two or more Trustees to control the money held within the Trust. These must be people that you trust with this responsibility.
Solicitors in our Team are often happy to act as professional Trustees where it is appropriate to help safeguard your Trust. Our specialist Wills and Probate Team would be happy to discuss this with you when drafting your Trust.
We provide specialist advice to ensure that your Trust is drafted correctly and meets your specific needs, both now and in the future, without having an adverse effect on future benefits and the payment of care home fees.
Our Team is also experienced in bringing Trusts to an end, including offering guidance on the tax implications of ending a Trust.
If you have received compensation and you would like a free consultation in relation to whether a Personal Injury Trust would be appropriate for you, please contact our specialist Wills and Probate Team on 01754 897150.
We understand that in certain situations regarding Wills & Probate matters, the need for the perspective of an Accountant or Financial Adviser may be in your best interests. Here at Hodgkinsons we have formed a close alliance with top local independent Accountancy and Wealth Management Firm, Forrester Boyd, as selected Financial Planning Partners, who will be happy to provide you with the advice you need. Your Lawyer will review your circumstances based on the information you have provided and distinguish whether the expertise of an Accountant or Financial Adviser may be beneficial for you. The services provided by Forrester Boyd compliment that of Hodgkinsons in many aspects, which is why we have carefully selected them as one of our trusted financial partners.
Forrester Boyd share our ethos to provide only a personal, exceptional level of service which meets all aspects of our Client’s requirements. Our Lawyers will always ensure that your matter is in safe hands and with a financial partner like Forrester Boyd, you can guarantee that every possible aspect of your matter will be taken care of to an exceptional standard. Forrester Boyd work with Clients across the East Midlands and rural Lincolnshire to include Skegness, Louth, Beverley, Grimsby, Scunthorpe and Hull. To find out more about our relationship click here.