If you have been involved in an accident which has resulted in you receiving a compensation reward, any money you receive could impact on your means tested benefits.
Personal Injury Trusts
With a Personal Injury Trust you can give the compensation into a trust set up by you. You can be one of the trustees as well as a beneficiary. With the result being that you can draw from the trust fund (with the agreement of the trustees), at the same time you will continue to receive your state benefits.
At Clarkson Wright & Jakes we offer a free half hour consultation where we can discuss your requirements. We work on a fixed fee basis so you know exactly how much you will be paying. We can also store your Will for you at no additional charge.