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Insurance Settlement, Benefits & Trust Funds
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LadyElouise
Posts: 34 Forumite
I have just been advised after many years of legal wrangling that I will be having a substantial insurance settlement shortly coming my way. I receive benefit help from the government and the insurance company has advised me to set up a trust fund to avoid the government stopping my benefit. As this settlement is to fund physiotherapy etc so I would rather it not be swallowed up on my rent as continued illness prevents me from working.
Does anyone have advice as to where the best trust funds might be and what sort of cost this incurs? My insurance company is advising me to set something up with them but the say the cost will be between £700 and £800. This seems like a lot of money. Any advice would be greatly appreciated in PMs or the forum.
Does anyone have advice as to where the best trust funds might be and what sort of cost this incurs? My insurance company is advising me to set something up with them but the say the cost will be between £700 and £800. This seems like a lot of money. Any advice would be greatly appreciated in PMs or the forum.
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This is a specialist area & needs to be done very carefully.
I would have thought it would cost more TBH.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
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Try posting on the investments forum - http://forums.moneysavingexpert.com/forumdisplay.php?f=17 I think they can advise betterAlthough no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.
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