Staffordshire Law Firm looks to Raise Awareness of Personal Injury Trusts

May 14, 2012 - PRLog -- Staffordshire – (May 14, 2012) – Tinsdills Solicitors are looking to help personal injury claimants safeguard their compensation awards.

Successful personal injury claimants are often awarded significant sums of compensation following the successful settlement of a claim. Like any significant change in financial circumstances it makes sense to look at how this award can be protected both now and in the future.

Personal injury trusts can be useful tools to shelter awards of damages against a variety of threats, from the divorce courts to insolvency or even attack from unscrupulous individuals who may look to prey on vulnerable individuals for their own gain.
A personal injury trust can also be used to safeguard current entitlement to means tested benefits, and entitlement in the future, should personal circumstances change.  The value of the trust is ignored for the assessment of eligibility to most means tested benefits and/or local authority support.

There are many different types of trusts that can be used for personal injury compensation and Tinsdills can advise on which is most suitable for the client to ensure the correct type is used. This depends on the claimant's needs, family circumstances and the possible involvement of the Court.
Peter Hamilton, Partner and Trust Solicitor at Tinsdills Solicitors said “We recommend that whatever the size of an award, consideration should be given to setting up a trust.”

Peter continues “By placing the damages award into a Personal injury trust the claimant can appoint trustees with expertise in handling damages awards to assist and take some of the burden off their shoulders and provide the claimant with confidence that their damages award is being used appropriately. Personal injury trusts are not just for claimants currently receiving means tested benefits but are a way of preserving a claimant’s right to future benefits and future care as well as providing peace of mind to the claimant who wishes to protect their award.”

About Tinsdills Solicitors
Tinsdills Solicitors are one of the largest and most experienced firms in North Staffordshire and South Cheshire with offices in Leek, Hanley, Newcastle-under-Lyme and Sandbach.

Our specialised departments offer an expert and friendly legal advice service for personal and business clients including residential property, family law, company and commercial, wills trusts and probate, professional negligence and personal injury. For more information call 01538 399332  or visit http://www.tinsdills.co.uk


Press Contact:
Mark Gibson
Tinsdills Solicitors
01782 652 365
mark.gibson@tinsdills.co.uk