What is a personal injury trust?

A personal injury trust is a type of trust that is specifically designed to protect the assets of a person with a disability. In New Hampshire, personal injury trusts are specific types of legal arrangements that are structured to provide financial protection for individuals who have suffered an injury or illness that has resulted in a disability. The trust is used to hold the disabled individual’s assets, including any monetary award from a personal injury lawsuit. This ensures that the money is available for the disabled individual’s long-term care needs and is not used for any other purpose. It also provides financial protection for the disabled individual against any creditors or potential legal claims. The trustee of the trust is responsible for managing the disabled individual’s assets and ensuring they are used for their benefit. The trustee will also ensure all taxes and other obligations are met. Personal injury trusts can be tailored to fit the individual needs of the disabled individual, depending on the specifics of their injury or illness. This ensures that all of their long-term needs are taken into consideration and that their assets are protected and used in the most beneficial way. The trust can also be set up with provisions to ensure that the disabled individual can access the trust’s assets to meet their day-to-day needs.

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What is a personal injury trust?

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