If you’ve been injured in an accident that wasn’t your fault, there’s a good chance that you’ll be able to make a claim for personal injury compensation. If your injuries required medical attention after the incident and you were hurt within the last three years, you should be awarded compensation for the pain and suffering you’ve endured.
In the majority of cases, a claim is made by the person who has been injured and, if successful, compensation is awarded to them. The claimant is then free to use their compensation award as they see fit. They may choose to pay for additional medical care, cover the cost of prescription, fund extra help at home or simply replace any earnings they’ve lost, for example.
However, it isn’t always possible for the accident victim to deal with their own financial affairs. In such cases, a personal injury trust fund can be created and may be used to manage the claimant’s compensation award.
By using a personal injury trust fund, the claimant still benefits from their compensation award and their financial compensation can be used to improve their quality of life. When compensation is placed in a trust fund, another person often makes the claim on behalf of the claimant. This may be a spouse, civil partner, parent, child, sibling or another relative. Alternatively, an appointed legal professional could take action on behalf of the accident victim.
If you or a loved one have been injured, it’s worth getting legal advice. If you believe that someone else was at fault, compensation may be available and you may be surprised at just how much your claim could be worth.
Whether you need to make a claim for yourself or on behalf of a loved one, Accident Advice Helpline can provide all the help you need. With over 17 years experience as a personal injury law firm, we are adept at making the claims process as simple and straightforward as possible. To find out more about claiming compensation, why not get in touch with our personal injury team today?
Claiming on behalf of a child
When accidents occur, anyone can be a victim. In some instances, this means that children and young people can be harmed through no fault of their own. Whether their injuries have been caused by a road traffic collision, an accident at school or even a slip, trip or fall, they can be entitled to compensation.
Of course, a child or teenager isn’t able to take legal action alone and a parent or guardian may need to act on their behalf. If the claim is successful, their compensation award can be placed in a personal injury trust fund and trustees can oversee the use of these funds.
If your child’s been hurt or injured in some way, we can help. Speak to us at Accident Advice Helpline and find out more about claiming on behalf of a child.
Getting compensation for a family member
If a relative has been seriously hurt, they may have suffered life-changing injuries or still be receiving medical care. In such cases, they may not be able to make their own claim for compensation. Due to this, a relative may be appointment to act on their behalf and they can set about getting compensation for a family member.
As well as instigating the claim, a relative may be able to act as a trustee once compensation has been awarded and a trust fund has been created. If the accident victim is not in a position to deal with their own finances, a group of trustees can ensure that their compensation award is used appropriately. If an accident victim is likely to require on-going care or assistance, for example, their compensation award may be used to finance this for the remainder of their life. Alternatively, if additional medical treatments are available, a compensation award could be used to speed up the recovery process.
Fortunately, taking action on behalf of a family member doesn’t have to be difficult, especially with Accident Advice Helpline on your side. Our dedicated advisers are always on hand to help and we’ll be able to handle every element of the claim. Learn more now by contacting Accident Advice Helpline today.
Creating a compensation trust fund
Trust funds are a common way to manage money and can be used for a variety of reasons. When a compensation trust fund is created, a group of trustees will be appointed to ensure that the compensation is used to benefit the accident victim and not for any other purpose.
By having more than one trustee, there has to be a consensus on how the money is spent and this ensures that the accident victim’s best interests are always of paramount importance. As a trust is a legal entity, it will need to be formally created so that the compensation award can be paid directly to the trust fund.
Of course, you won’t have to deal with this alone. At Accident Advice Helpline, we don’t just help you to secure compensation, we assist with every part of the claim. If you’re taking action on behalf of someone else, we’ll ensure that the trust is in place so that compensation can be paid directly into it. To find out more about creating a compensation trust fund, get in touch with our expert advisers now.
Using a compensation trust in the right way
If you’ve never been a trustee or made a personal injury claim before, setting up a personal injury trust fund may seem like a daunting task. If you’re worried about handling a compensation claim or dealing with a trust, there’s really no need to be.
The same criteria apply whether you’re taking action for yourself or making a claim on behalf of someone else and we’re always available to provide the assistance you need. If you plan on acting as a trustee once compensation has been awarded, your rights and responsibilities will be explained to you, so you’ll have no qualms about how it all works.
If you’re keen to find out more or you want to learn about using a compensation trust in the right way, call us at Accident Advice Helpline now.
Getting free-no obligation advice
Before you commit to making a personal injury claim or setting up a trust fund, you may want to find out a little more about how the claims process works. However, you needn’t spend costly sums on legal fees in order to access this information.
At Accident Advice Helpline, we provide free no-obligation advice so you can get all the help you need before you decide whether or not to move forward with a claim. To find out more today, simply call Accident Advice Helpline on 0800 689 0500 or 0333 500 0993 if you’re calling from a mobile, and speak to our expert advisers.
Category: Personal injury claims