Do I need a Personal Injury Trust?
You donâ€™t have to have a personal injury trust and there may be lots of other things that you want to do with your money instead of putting it on trust.
If you are not in receipt of benefits now, and the sum of money is likely to be spent before you are likely to need to claim benefits, then you really are unlikely to need a trust. If youâ€™re unsure, you can set up a trust, but then call it in once you have decided what to do with the money. But you cannot come back and set up a trust once your case has concluded and you have spent the cheque.
You should also remember the 52 week allowance to get rid of the money, though this varies from benefits agency to benefits agency.