Means tested social security benefits normally include a capital rule, under which someone with excess capital is disqualified from the benefit. Because a windfall, such as a legacy, can thereby deprive the claimant, the rules were amended to allow compensation for personal injury to be exempt from the capital rule if placed into 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. This book provides a practical guide to dealing with this type of trust.