Website Cookie Policy

We use cookies to give you the best possible online experience. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website.
See our cookie policy for more information.

Practice Areas

More Information

thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

FOLLOW WRIGLEYS:

Send us an enquiry
Close

Hints and tips for trustees of Personal Injury Trusts

12 December 2016

7 simple tips for trustees

           

   
   

PI Trust Checklist – Hints and tips for trustees:   

   

On day 1:

 
  • Notify the benefits authorities about the trust.
  •     
  • Set  up a 'trustee bank account' rather than a normal current account.
  •    
 From then on, don't forget to: 
  • Make confident decisions and don't be swayed from your trustee duties
  •     
  • Ensure your financial adviser is fully independent and not tied to a financial services company.
  •     
  • Buy property in the trustees' names, not the beneficiary's name.
  •     
  • Disclose the trust when applying for care benefits
  •     
  • File tax returns
  •    
   
   

 

For further details about these hints and tips please see our full article here

Lynne Bradey View Biography

Lynne Bradey

Partner
Sheffield

24 Nov 2020

Financial recovery post-COVID: What is next for IHT & CGT?

Proposed reforms to IHT & CGT: How might the government balance its books in the long term & attempt to recover some of the financial costs of COVID?

17 Nov 2020

Employer found not liable for employee’s practical joke

Recent case considered whether an employer could have prevented a practical joke that caused injury.

16 Nov 2020

Should deputyship costs be allowed as an expense?

Local Government Ombudsman considers whether deputyship costs should be allowed as an expense in residential social care means testing.