Infant Settlement Trusts can be accessed by a parent/guardian or solicitor and allow access to the compensation which can be used for treatment, maintenance and education of the child without additional approval from the court. The Trust can also continue after the age of 18 and this can be extremely useful if claiming any means tested benefits.
All you need to know about Court of Protection issues
Slater and Gordon’s experienced solicitors are here to advise you on all Court of Protection issues. Call us on 0330 041 5869 or contact us and we will call you.
When a minor is awarded significant compensation for a personal injury, it can be recommended to the court that the funds are placed into a trust as opposed to the court funds office.
By setting up an Infant Settlement Trust, the trustees (usually a parent/guardian and a solicitor) will have access to a wide range of investments and have more control of the monies. The compensation can then be used for treatment, maintenance and education of the child without additional approval from the court.
The Trust can also continue after the age of 18 and this can be extremely useful if claiming any means tested benefits.
To find out more about Infant Settlement Trusts, call 0330 041 5869 or contact us now and we will be happy to call you.
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