Film, Media & TV0 min ago
Personal Injuries Trust Funds
my daughter has just been awarded personal injuries compensation. Her solicitor says she should open out a personal injuries trust fund. This will cost £600 is she uses her solicitor. My question is can she do it herself or do she need the solicitor to do it. Thanks for your answers in advance.
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For more on marking an answer as the "Best Answer", please visit our FAQ.Theoretically your sister could do the paperwork herself but setting up a bare trust isn't simple and I'd certainly advise against attempting to do so. (I used to write wills for a living, so I'm reasonably confident with formal paperwork, but I wouldn't try to draw up a trust on my own).
Solicitors often charge over £1000 to set up a trust, so £600 seems quite reasonable to me. There'd be no harm in 'shopping around' though, possibly giving this guy a call:
http:// www.mar kthomps onlaw.c om/need -a-pers onal-in jury-tr ust/per sonal-i njury-t rust-to -protec t-perso nal-inj ury-com pensati on/
Solicitors often charge over £1000 to set up a trust, so £600 seems quite reasonable to me. There'd be no harm in 'shopping around' though, possibly giving this guy a call:
http://
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