The expression personal injury trust is a legal term of art found in the context of the modern English law of trusts (also applicable, where relevant, to Wales, Scotland and Northern Ireland).
A personal injury trust is a form of trust, a legally binding arrangement, where funds are held by persons called trustees for the benefit of another or others upon the terms of a document called a trust deed.
- "A trust does not need to have a specific generic title or be one sort of trust or another at law to be a personal injury trust. It is the source of the trust fund which determines the trust's nature ... needs ... relevant circumstances and the relevant law should dictate the type of trust. But 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."
Read more about Personal Injury Trust: Special Characteristics, Types of Trust, Role and Practice
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