Why should I have a Personal Injury Trust?
If you are in receipt of means tested state benefits, then you should consider setting up a personal injury trust sooner rather than later to ensure that your right to claim benefits is not affected by any interim payment or final settlement cheque.
If you receive a large award of which you are likely to retain part of in old age, you may wish to think about a trust even if you are not claiming benefits and have no intention of claiming benefits in the next few years.
Remember also that unexpected life events can affect your plans, and placing your money on trust now will mean that if you do need to claim benefits, your money is protected. What is a large award means different things to different people and really is a matter for you and how you manage your money.