Personal Injury
Investment of Damages & Personal Injury Trusts
If you have had an accident or suffered a personal injury, our personal injury lawyers
can advise you as to whether you may have a claim for damages. Please see our personal
injury section.
If you have received, or are about to receive, damages as a result of a personal
injury, our financial services team can advise you as to the investment options
available and also discuss whether you should consider protecting your damages by
setting up a personal injury trust.
This is a specialist area and we have experienced lawyers and financial advisers
who regularly deal with this subject. The right advice now can save you thousands
of pounds in the future.
Special Needs Trusts
These are trusts which can be set up by individuals who have been awarded compensation
as a result of a personal injury. If you are in receipt of means tested benefits,
or may be entitled to these at some point in the future, you may lose your entitlement
if you have more than £8,000. You can, however, protect these benefits by putting
your personal injury compensation into a special needs trust.
The trust is set up entirely for your benefit. You can say where you would like
the money to be invested and if you need anything such as a car or a television
then the money can be used to buy these for you. Whilst there are a few exceptions,
these trusts are designed to be flexible.
Please note that a special needs trust should be set up prior to receipt of your
compensation award. Please get in touch if you would like further information.
Investing Damages
For some people, when they have been injured or even permanently disabled, the last
thing they want to worry about is money. But that is often the situation many people
find themselves in after receiving a personal injury award.
Contact Details
Financial Services Team
That’s where we can help. Our financial advisers offer independent impartial advice
based on your particular circumstances. If you would like to arrange a free initial
consultation or an appointment please contact Richard Ludlow on (01780) 764145 or
email richard.ludlow@chattertons.com
Mortgages:
Your home may be repossessed if you do not keep up repayments on your mortgage.
Investments:
Investments and Pensions: Please remember that past performance is not necessarily
a guide to future returns. The value of units and the income from them may fall,
as well as rise. Investors may not get back the amount originally invested.
Equity Release:
Equity Release Mortgages: This is a lifetime mortgage. To understand the features
and risks, ask for a personalised illustration.
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Financial Services Authority.