What is a Personal Injury Trust?
A Personal Injury Trust is a type of trust that is used to protect the proceeds of a personal injury settlement or award. The trust is set up to hold the proceeds of the settlement or award, and the assets in the trust are protected from creditors and lawsuits. This type of trust can also be used to provide for the ongoing care and support of the injured person, and can be structured to provide for the payment of medical expenses and other needs. The trust can also be used to manage the settlement proceeds to ensure that they are used for the benefit of the injured person, rather than being squandered or lost.