Does personal injury compensation affect benefit entitlements?
Personal injury compensation can be taken into account when calculating your entitlement to certain benefits. We often recommend our clients place any compensation they receive into a trust, ensuring they are able to get the full benefit from the compensation secured, without losing out in other areas.
Our Wills, Trusts & Probate team can help you set up and manage a personal injury trust, as well as other issues you may need to consider, such as creating or updating your Will and preparing a Lasting Power of Attorney in case you one day lose the capacity to manage your financial affairs or make decisions about your health and welfare.
Our personal injury claims team will give you a highly accurate valuation for your claim at the outset, so that you have a clear picture of exactly how much compensation you might be entitled to. This is important as it will help to avoid the risk of you under-settling your claim i.e. accepting less compensation than you might be entitled to.