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

13 Feb 2025

Managing associate completes sought-after fellowship

Congratulations to Will Foley on passing his Agricultural Law Association (ALA) Fellowship.

11 Feb 2025

Protective Award uplift for failure to inform and consult in “fire and rehire” situations now in force

Tribunals now have the power to adjust protective awards where the Code of Practice on Dismissal and Re-engagement (the Code) is not followed.

10 Feb 2025

Support for working families coping with neonatal care

Government announces implementation of statutory neonatal care leave and pay from 6 April 2025.