Inheritance Tax (IHT) is primarily a charge on your assets on death, including your share of assets jointly held with another person. However, lifetime gifts made within seven years prior to your death can also be brought back into charge. IHT is also...
Personal Injury Trusts
A personal injury trust can help you maximise the value of your compensation and make it last. We have the expertise to set up and run a personal injury trust for you.
Expertise in this highly specialised area
Are you due or in receipt of personal injury compensation? If so, a personal injury trust could mean:
- You can continue to receive means tested benefits and all the passport benefits attached
- You can protect your compensation and any property you purchase with it from the expenses of long term residential care
- Peace of mind that your trustees will be responsible for investing and budgeting the compensation to ensure it is available when you need it
- Security that your compensation will only be used to benefit you
Practical advice and support
Using a personal injury trust to organise your money is usually very straightforward. Your compensation will become the trust and will be looked after by trustees, who are obliged to manage your money in a way that benefits you. Your trustees can be family or professionals. However, you and your spouse can not be trustees.
Our solicitors can arrange meetings at any of our local offices in York and across Yorkshire, so simply contact your nearest Harrowells office in York, St Saviourgate, Clifton Moor, Easingwold, Haxby, Pocklington, Malton, and Thirsk.