Paymnets from a trust

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  • #39277
    rds01
    Participant

    We have a CL who has a trust fund. She also has an account administered by solicitors. This “client account” receives money from the encashment of other savings (e.g. NSIB) and makes payments on behalf of the CL, including making a payment of £370 each month (dates are not exact). Do we treat this as income, capital or disrtegard it in full? Many thanks.

    #111555
    Anonymous
    Guest

    It depends what the trust was set up for. If it’s a trust established under a will, for example, the payments from it are treated as income. If it’s a personal injury trust fund then it’s all disregarded. You’ll need to get more information.

    #111556
    rds01
    Participant

    As far as we are aware, the trust was from a divorce and not personal injury. Thanks.

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