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

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

30 Mar 2020

Question of the month: how should we adapt company policies in the face of coronavirus?

Employers need to consider how they will adapt to make sure policies and procedures are applied appropriately during the current circumstances.

27 Mar 2020

Government publishes more details of Job Retention Scheme for furloughed workers

Scheme is open to all employers but those receiving continuing public funding to cover wage costs are not expected to use the scheme.

20 Mar 2020

Coronavirus and school closures – what's the position for special schools?

We look here at the precise terms of the Government announcement and the options open to special schools.