Personal Injury & Discretionary Lifetime Trusts
This booklet explains how Thompsons Solicitors Scotland advises clients on two trust structures designed to protect assets and preserve financial security: Personal Injury Trusts and Discretionary Lifetime Trusts.
It outlines that trusts allow assets to be managed by trustees for the benefit of beneficiaries, and emphasises their practical value in safeguarding compensation payments, protecting inheritances, and managing exposure to risks such as divorce, bankruptcy, care fees, and financial vulnerability.
The booklet highlights that a Personal Injury Trust may help preserve entitlement to means-tested benefits and local authority support by ring-fencing compensation, while a Discretionary Lifetime Trust offers flexibility over when and how beneficiaries receive assets, helping to protect those who are young, vulnerable, financially inexperienced, or at risk of outside influence. Overall, the booklet presents trusts as a strategic legal tool for estate planning, asset protection, and long-term family support, with tailored legal advice available to suit individual circumstances
- Document Type
- COM_DPFILEMANAGER_OPTION_DOCUMENT_TYPE_BROCHURE
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- 22
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