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A personal injury trust is a legal term of art in the modern English law of trusts and is also applicable, where relevant, to Wales, Scotland and Northern Ireland.
A personal injury trust is a form of trust, a legally binding arrangement, in which funds are held by persons, called trustees, for the benefit of 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."[1]
^Coldrick on Personal Trusts - Fourth Edition (Ark Group 2008) Page 3
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A personalinjurytrust is a legal term of art in the modern English law of trusts and is also applicable, where relevant, to Wales, Scotland and Northern...
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remaining MLC real and personal property assets; the third to manage asbestos-related claims against MLC (Asbestos PersonalInjuryTrust); and the fourth for...
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program of the Trust that operates in times of natural calamities.[citation needed] Each active member of the party will get a personal insurance cover...
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