A trust is a legal
arrangement in which a person transfers assets to trustees
to look after on behalf of one or more beneficiaries.
Trusts remain useful in a range of situations including
provision for children and vulnerable adults. OMM specialise
in the setting up and arrangement of trusts to organise
your financial affairs flexibly and tax efficiently.
As well as managing and administering
trusts for our catastrophically injured clients who
are unable to manage their own affairs, OMM are able
to provide a specialist service to those clients who
need trusts for specific financial reasons. OMM can
also act as your trustee if you so wish. OMM’s
trust department offer a comprehensive service to individuals
who have recovered compensation. Many personal injury
and clinical negligence claimants are in receipt of state
means tested benefits which receive special treatment
under government legislation. A carefully drafted trust
can enable you to keep all or the majority of your benefits
even though you have received a substantial award, where
the financial contribution from State funding can make
a critical difference to your long term financial future.
OMM are pleased to act for claimants
whose awards have been handled by other firms who do
not have the benefit of a specialist trust department. |
