A personal injury trust is a legal term of art in the modern English law of trusts, and it is also applicable, where relevant, to Wales, Scotland and Northern Ireland. It is a form of trust, a legally binding arrangement in which funds are held by persons called trustees for the benefit of others upon the terms of a document called a trust deed. A trust does not need a specific generic title, or to be one sort of trust or another at law, to count as a personal injury trust. What determines its nature is the source of the trust fund: whatever legal type of trust it is, if it is funded by an award of compensation for a personal injury then it will be a personal injury trust. The relevant circumstances and the relevant law should dictate the type of trust used.
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Source Personal injury trust (Wikipedia)
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1. Wikipedia: Personal injury trust
a form of trust in which funds are held by trustees for the benefit of others, funded by an award of compensation for a personal injuryView the Source Personal injury trust (Wikipedia)
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A personal injury trust is a legal term of art in the modern English law of trusts and is also applicable, where relevant, to Wales, Scotland and Northern Ireland.
In Legal System: English Law, Lead
A personal injury trust is a legal term of art in the modern English law of trusts and is also applicable, where relevant, to Wales, Scotland and Northern Ireland.
In Group: Equity, Trusts and Fiduciary Doctrines, Introduction, sentence 1
A personal injury trust is a legal term of art in the modern English law of trusts and is also applicable, where relevant, to Wales, Scotland and Northern Ireland.
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