Personal Injury Trusts

(Simon James Northcott) #1

Can anyone see any objection to one PI bare trust being revoked by the settlor, who at the same moment directs the assets to be transferred to another PI bare trust set up by him to receive the assets?

Simon Northcott

(Paul Saunders) #2

I cannot see that this would be objectionable.

I’ve seen it done to effectively change trustees where they have their own form of words they prefer.

Provided that there is a clear audit trail back to the PI award, the new trust should carry the same benefits as the existing one.

Paul Saunders