Personal injury trusts

Personal injury trusts

For most people, a bare trust is the most appropriate type of trust. The injured person retains a large degree of control in a bare trust and the trust is tax neutral. If the person changes their mind later, the bare trust is also easiest to unravel.

Precisely because of the control that a bare trust gives to an injured person, though, some people will want to opt for a different type of trust because they fear what they might do if they had that control. For example, some people may know that they are vulnerable to addiction, suffer from a mental condition such as bi-polar disorder which can lead to extreme highs and lows, or they may just be conscious that they are vulnerable to pressure from