An Introduction to Personal Injury Trusts - For PI & Private Client Lawyers
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.
For private client practitioners, Court of Protection matters will be covered in addition to death and inheritance tax issues.
What You Will Learn
This course will cover the following:
- 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?
- What can a personal injury trust obtain for the compensated person without affecting their means-tested benefits?
- 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
9:30am - 5:15pm
Please let us know if you wish to be notified when new dates are added for this programme