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A Practical Guide to Personal Injury Trusts - 2nd Edition

A Practical Guide to Personal Injury Trusts - 2nd Edition

Paperback

General LawSocial Movements

ISBN10: 1912687852
ISBN13: 9781912687855
Publisher: Law Brief Pub Ltd
Published: May 13 2020
Pages: 178
Weight: 0.57
Height: 0.38 Width: 6.14 Depth: 9.21
Language: English

Means tested social security benefits normally include a capital rule, under which someone with excess capital is disqualified from the benefits, or the amount payable is reduced. Similarly, someone with capital in excess of a certain amount is disqualified for local authority social care services, or will be required to make a contribution from their capital. Because a windfall, such as a legacy, can thereby deprive the claimant, the rules were amended to allow compensation for personal injury to be treated as exempt from the capital rule if placed in a trust. This in turn awakened interest in the personal injury trust as a method of dealing effectively with compensation for personal injury, and also of ensuring tax efficiency. Personal injury trusts, therefore, have become a basic tool for use by personal injury practitioners and by private client advisers.

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