Personal injury trusts solicitors

Here to manage the work

If you need a personal injury (PI) trust setting up for yourself or a loved one, Pryers solicitors can help. We’ll work with you or your loved one to create a legally binding trust that allows you to manage the compensation you’re awarded without it impacting on any means-tested benefits you are entitled to. We’ll set up a trust that suits your situation, whether you’re managing it yourself, on behalf of someone else, or need us to take the lead. Every trust is tailored to the person’s needs.

PI trusts can be especially helpful for:

Children
Vulnerable adults
People who have capacity but want help managing large sums of money

Personal injury compensation payments can affect your entitlement to means-tested state benefits unless managed carefully. Pryers can help you manage these tax implications and preserve your compensation for its intended uses.

For advice and support on protecting your personal finances and compensation payments contact us using the links or form below.

Email us: help@pryers.com Call us: 01904 409 720

Our services

Our accreditations and memberships

Why have a professional trustee?

Having a solicitor act as a professional trustee is beneficial for a number of reasons. Acting as a professional trustee, a Pryers lawyer is:

Impartial and experienced in managing complex funds
Regulated by the Solicitors Regulation Authority
Able to reduce the burden on family members
There to minimise disruption from family disputes
Reliable and offers continuity and oversight

We’ve worked with many families to set up PI trusts alongside the personal injury solicitors at Switalskis Solicitors, our sister firm. We’ll make sure the compensation is protected and used in the most effective way for your loved one.

Frequently Asked Questions

Learn about personal injury trusts

What is a PI trust?

A personal injury trust is a legal arrangement that looks after the compensation payout that an individual has been given after a personal injury. The aim of a PI trust is to ring-fence the awarded compensation to meet the needs of the person who recieved it. The trust is set up to ensure that the beneficiary, the person who received the compensation, remains entitled to any state benefits, even if they are means-tested. This allows the beneficiary to use the PI compensation for their care and support without risking their eligibility for other key benefits like Universal Credit.

How does a PI trust work?

The compensation awarded is placed into a trust account which has terms agreed on how the money can be spent. The account is managed by trustees, and the beneficiary can then use the money in the account as long as they follow the terms that were agreed when the trust was set up. Every transaction made with money from the trust has to be authorised by each trustee, so the beneficiaries are protected from potential financial abuse or mismanagement of their money. This makes PI trusts useful for the elderly, vulnerable and children as well as people who have suffered a serious injury but retain their capacity.

Who manages a PI trust?

Usually two people are appointed as Trustees to manage a PI Trust. Trustees can be family members, close friends, or professionals such as solicitors or accountants. It is important to choose people who are trustworthy, financially responsible, and capable of managing money on behalf of the injured person. Trustees should be comfortable with record-keeping and decision-making, as they will need to ensure the funds are used in the beneficiary’s best interests and in line with trust rules. Many families appoint a mix of lay and professional trustees, so there is both personal understanding and professional expertise to guide the trust.

How do I set up a PI trust?

Setting up a PI trust is complex and requires specialist knowledge with an in depth understanding of what to include. Working with a solicitor during this process protects the beneficiary from mismanagement. This is where Pryers solicitors can help, as part of the Switalskis group we’re experienced in working with the Switalskis personal injury team to set up trusts for their clients. As a result, we’ve set up and managed many personal injury trusts for clients that serve their best interests and also ensure their compensation isn’t considered when they apply for any means-tested benefits.

Contact Pryers personal injury trust solicitors today

You can call us on 01904 409 720 or get in touch with us using our form and our friendly team will come back to you.

Why choose Pryers to set up or manage a personal injury trust?

At Pryers we’re committed to supporting you in setting up the best trust that will offer the most value for the recipient of a personal injury compensation payout. We’ve been setting up and managing PI trusts for many years and can draw on our wealth of experience to create the perfect trust for you or your loved one. Our extremely knowledgable personal injury trust solicitors will factor everything in so there's no room for anyone to take advantage of the trust. Our expert team is here to safeguard any finances so you or your loved one can enjoy and benefit from them without the worry of managing them.

Our solicitors understand the emotional toll caring for someone else’s finances takes, and the number of responsibilities already on your shoulders as you help them navigate their new reality. We’re here to listen and understand your situation and get to know your loved one so we can make sure they’re financially supported to enjoy their life without worry. We’ll work with you to make the best decisions for them and their care to let them enjoy an unrestricted life.

Our office is located in York , but we are a nationwide service and can help wherever you are. We’ll work in a way that’s best for you, so if you prefer, we can meet face-to-face, on video calls such as Teams, Zoom, FaceTime, or by phone.