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What is a PI Trust?
A personal injury trust is a legally binding arrangement, where funds are held by persons called trustees for the benefit of another or others upon the terms of a document called a trust deed.

Who should set one up?
They are designed for those people who have been awarded a large sum of compensation and who are entitled to means-tested state benefits.

Why is that?
If your compensation money and your total household savings are more than £16,000 then you are at risk of exceeding the threshold for claiming state benefits. You can protect your entitlement to state benefits by putting your compensation money into a PIT Trust. Any compensation money held in the PI Trust will not be included in the means-test and you will still be able to claim your normal state benefits.

What are the other advantages?
The compensation money will be held in trust purely for your benefit and the trustees are able to advance money to you at any time. We can explain to you how a PI Trust works, help you to choose the right trustees, set up the PI Trust for you and give advice about running the PI Trust. We can give you further reassurance by contacting the government on your behalf to explain that you compensation money should not be included in the means-test.

What happens if I die?
Whatever is left in the PI Trust upon your death will form part of your estate. The money will pass in accordance with your Will or under the intestacy rule (if you have no Will). It is therefore really important that you may sure your Will is up to date and deals with money held in the PI Trust.

For further information on PI Trusts, please contact Kate and she will be more than happy to talk you through the process.

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Excellent experience start to finish – always very responsive to any queries and the turnaround on the property I was buying was very quick, even in the busy time leading up to stamp duty deadline. Jenny was always very helpful and went above and beyond to close on a short timescale.

Ben Armitage

“Very approachable, practical solutions to problems, but most of all very responsive which I personally think is very important because if you need help, you need it quickly, or at least to know someone is looking at it for you”.

Joanne Rowe, Finance Director, Greater Manchester Chamber

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Nives Feely, JAM Recruitment

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“Thank you for your efficient and friendly help throughout this process. We have had it easy but your approach has been part of that”.

Robert Amsbury (Conveyancing Client)

“I would like to take this opportunity to thank you personally for the ongoing support and assistance the firm has offered to our parents over the years. I hope also that we may be able to call on you if necessary in the future.”

Valerie Fisher (Probate Client)

“Jo always provides great service, understands our needs and delivers on her promises. Our needs are relatively simple but the complexity arises out of the volume of work and short time frames, Jo always delivers.”

Peter Fernandez, Corporate Director at Royal Bank of Scotland

“A big thank you to all who dealt with my wife’s claim… We would not hesitate to recommend Davis Blank Furniss to anyone that may be in a situation like we have been…”

Anon (Personal Injury client)

“Before putting my case in Kirsty (Morbey)’s capable hands I’ve met a couple of other solicitors. None of them listen to me as intently as Kirsty and showed me as much empathy and understanding as she did. Simultaneously she was able to look at my case from legal perspective, explain all the options and follow each of our meetings with written summary of the discussed matters (in timely manner). Her advice was invaluable and led me to successfully ending the case matter (hopeful for good). I’m forever grateful for he work and would definitely recommend her to anyone looking for reliable, knowledgeable and committed solicitor”.

Anon (Family client)
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