AN INTRODUCTION TO PERSONAL INJURY TRUSTS
This new course will provide you with the essentials on when and how you should advise your clients to consider the founding of a personal injury trust and deputyship. It will also cover how personal injury trusts and deputyship are a niche area full of traps for the unwary and why specialist advice should be made available to the client, in addition to death and inheritance tax issues.
Many practitioners are happy to act as professional trustees and should be aware of the rules and regulations surrounding the same, to ensure that they do not become liable for breach of duty.
What You Will Learn
What is a personal injury trust?
When are they required, and when can they be set up?
Types of personal injury trust
A reminder of the means tested benefits position for income related benefits and residential care
What can a personal injury trust obtain for the compensated person?
Financial advice and investment of personal injury awards
Periodical payments and structured settlements; advantages and disadvantages
Personal injury trusts and the Court of Protection; applying for a PI trust for ‘P’
Acting as professional trustee - Trustee Act duties, special investment related concerns and Solicitors Accounts Rules
Purchasing property as trustee
Death and inheritance tax
Problem areas
Typical duration: 1 day
Pricing from £250 per attendee
Delivery: face to face/learn live