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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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No best answer has yet been selected by sammmo. Once a best answer has been selected, it will be shown here.
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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