Victoria Smithyman and Afonwy Howell-Pryce: Protecting yourself with a Personal Injury Trust

Our latest podcast episode sees Partner and head of the Personal Injury team, Victoria Smithyman, team up with Afonwy Howell-Pryce, an associate in our Wills and Probate department to discuss all things Personal Injury Trusts. 

The pair break down some of the legal concepts behind a Personal Injury trust, including the benefits, the importance of 'trustworthy trustees' and the protection offered to vulnerable individuals. They also consider the practicalities of implementing a trust, including the 52-week grace period and the importance of consulting a solicitor early on in the process.

The duo then consider the link to a Lasting Power of Attorney - or LPAs - and the safety net they offer against many of life's uncertainties. Afonwy debunks some of the myths and confusion surrounding LPAs - from defining mental capacity to retaining 'control', before reflecting on the importance of openness and honesty in planning for the future. 

 

Let us know your thoughts on this episode in the comments section below! 💬

 

Read more: 

Protecting your Personal Injury payments. 

What is a Lasting Power of Attorney and why would I need one?