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Setting up a Trust or Deputyship

Funds, be it compensation from a personal injury award or your own personal finances, can be managed in one of two ways:

  • Through a deputyship if a person does not have the mental capacity to make financial decisions.
  • Through a Personal Injury Trust if a person has a physical disability or is vulnerable but has no capacity to make financial decisions. 

When do we become involved?

The Deputy or Trustee usually becomes involved once an interim payment for compensation has been made or funds are available. However there is no legal authority to manage those funds until the Deputyship Order has been received or a Trust set up. This could take several months and it is therefore important to commence an application to appoint a Deputy or Trustee as soon as possible.

Advantages

Money from a personal injury award once placed into a Deputyship or a Trust cannot be taken into account in respect to means testing for state benefits and therefore the funds in the Deputyship or Trust are effectively “ring-fenced”. However this is not the only advantage of a Deputyship or Personal Injury Trust and other points to consider are:

  • The protection offered to a vulnerable person from opportunists.
  • Support from a host of professionals with broad experience and a proven track record. This includes case managers, fund managers, bankers, accountants and solicitors with specialist experience.
  • The ability for a minor to attend trustee meetings from their teenage years so as to become familiar and competent in how their money is managed.
  • An unbiased and independent view from a Deputy or Trustee. 

What can funds be invested in?

Funds can be invested in a number of ways including the Stock Market, National Savings or Premium Savings Bonds, bank accounts and property. Each portfolio is bespoke to the client’s needs and discussed fully with those who can assist in the decision making.

Meet your specialist team

Our specialist team are considered leaders in the field and have a significant amount of expertise.
Susan Brown photo

Susan Brown

Partner

Laura Magson

Laura Magson

Partner

Julie Marsh headshot

Julie Marsh

Partner

Ruth Meyer photo

Ruth Meyer

Partner

Kim Milan

Kim Milan

Senior Partner

Richard Money-Kyrle headshot

Richard Money-Kyrle

Partner

Laxmi Patel headshot

Laxmi Patel

Partner

Claire Roantree headshots

Claire Roantree

Partner

Alexander Wright headshot

Alexander Wright

Partner

Anne Pearson headshots

Anne Pearson

Senior Paralegal

Rachael Allison

Rachael Allison

Senior Associate - solicitor

Sue Clark photo

Sue Clark

Senior Associate – Solicitor

Melloney Harbutt headshot

Melloney Harbutt

Senior associate - solicitor

Sita Soni headshot

Sita Soni

Senior Associate - solicitor

Vanessa Wand photo

Vanessa Wand

Senior associate - solicitor

Martin Anderson

Martin Anderson

Associate Solicitor

Lindsay Da Re

Lindsay Da Rè

Associate - Solicitor

Lydia Dunford

Lydia Dunford

Associate - Solicitor

Alex Edwards

Alex Edwards

Associate - Solicitor

Jessica Jarvis Headshot

Jessica Jarvis

Associate - Solicitor

Rachel Makore headshot

Rachel Makore

Associate - solicitor

Tara Pileggi-Byrne photo

Tara Pileggi-Byrne

Associate - Solicitor

Alpa Rana headshot

Alpa Rana

Associate - solicitor

Fran Rothwell

Fran Rothwell

Associate solicitor

Ben Ireland headshot

Ben Ireland

Solicitor

Dani Pini headshot

Dani Pini

Solicitor

Janata Ali

Janata Ali

SEN Specialist

Rachel Baxter

Rachel Baxter

SEN specialist

Katarina Ahmed

Katarina Ahmed

Paralegal

Alice Carley headshot

Alice Carley

Paralegal

Daisy Fox headshot

Daisy Fox-Clarkin

Paralegal

Lauren Hall headshot

Lauren Hall

Paralegal

Beth Hatton headshoot

Beth Hatton

Paralegal

Maria Hobbs

Maria Hobbs

Paralegal

Sue headshot

Sue O'Connell-Davidson

Paralegal

Roshni Patel photo

Roshni Patel

Paralegal

Cleo Pheby-Edmunds

Cleo Pheby-Edmunds

Paralegal

Placeholder image

Kate Phelan

Paralegal

Nadine Silas-Richards

Nadine Silas-Richards

Paralegal

Victoria Stewart

Victoria Stewart

Paralegal

Niki Tarrant headshot

Niki Tarrant

Senior Paralegal

Emma Wheeldon headshots

Emma Wheeldon

Senior Paralegal

Ewelina Wolanin headshot

Ewelina Wolanin

Paralegal

James Pantling-Skeet headshot

James Pantling-Skeet

Senior Associate – Chartered Legal Executive

Audrey Elmore headshot

Audrey Elmore

Medical records coordinator

Nicky Melville headshot

Nicky Melville

Professional support assistant

Susan Brown photo
Laura Magson
Julie Marsh headshot
Ruth Meyer photo
Kim Milan
Richard Money-Kyrle headshot
Laxmi Patel headshot
Claire Roantree headshots
Alexander Wright headshot
Anne Pearson headshots
Rachael Allison
Sue Clark photo
Melloney Harbutt headshot
Sita Soni headshot
Vanessa Wand photo
Martin Anderson
Lindsay Da Re
Lydia Dunford
Alex Edwards
Jessica Jarvis Headshot
Rachel Makore headshot
Tara Pileggi-Byrne photo
Alpa Rana headshot
Fran Rothwell
Ben Ireland headshot
Dani Pini headshot
Janata Ali
Rachel Baxter
Katarina Ahmed
Alice Carley headshot
Daisy Fox headshot
Lauren Hall headshot
Beth Hatton headshoot
Maria Hobbs
Sue headshot
Roshni Patel photo
Cleo Pheby-Edmunds
Placeholder image
Nadine Silas-Richards
Victoria Stewart
Niki Tarrant headshot
Emma Wheeldon headshots
Ewelina Wolanin headshot
James Pantling-Skeet headshot
Audrey Elmore headshot
Nicky Melville headshot

What our clients say

"Boyes Turner were professional, helpful and responsive"

Boyes Turner were professional, helpful and responsive in all of my dealings with them. They kept me informed throughout the entire process and gave me sound advice when required. I would recommend Boyes Turner to anyone who requires legal advice in the field of medical negligence. I was happy with my settlement and I am grateful for their work to achieve the end result

Boyes Turner client

"Having never taken legal action before..."

Having never taken legal action before, I found Boyes Turner very helpful and diligent during my injury claim. When I moved to the USA during the case, they were still able to answer all of my concerns and keep me informed, giving me advice every step of the way. I would recommend Boyes Turner to anyone who is considering representation

Boyes Turner client
Rated Excellent 4.8/5