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PI Trusts and acting for clients on means tested benefits

Funds held in a PI trust are disregarded capital for the purposes of means tested benefits. Therefore it is very important to advise clients on setting up a PI trust if the client is claiming means tested benefits or may ever claim benefits or require local authority funded care in the future.

A PI Trust may also be useful for other reasons such as:

  • To provide a formal structure so that there is a clear distinction between the parents’ funds and the child’ damages or
  •  to protect a client who is vulnerable to financial exploitation or
  •  to protect a client who may suffer periods of mental incapacity in the future
  •  to assist a client who will struggle to cope with a large sum of money
  •  to ring fence the damages award from a future divorce.

If your client is a child and the damages award is substantial, the court will often only approve the settlement if one of the trustees is a professional.

Click here for more information about PI trusts.

Click here for more information about sending damages to clients who are on benefits.

Our Court of Protection Solicitors are backed by four decades of experience. Our legal team of London Solicitors have a strong track record of achieving favourable client outcomes. For expert legal advice use our contact form or call us on 0800 437 0322 today

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Our offices are open from Monday to Friday from 9 am to 6 pm.

Phone:0800 437 0322
Fax:020 7388 2106
Address:Hodge Jones & Allen LLP
180 North Gower Street
London
NW1 2NB