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Can I get compensation before a case has settled?
Once liability has been established (the other party has accepted full or partial responsibility), a person may apply for early payments of compensation, also known as interim payments.
Interim payments are payments on account of full compensation. You will effectively receive part of your compensation settlement early. When the claim is won or settles, the rest of the money is received.
If the other side in your Medical Negligence Claim admits fault or liability, your Solicitor can ask for a voluntary interim payment to be made. If the other side is not prepared to make an interim payment voluntarily, then your Solicitor can prepare Court proceedings and ask the Court to order that an interim payment is paid to you.
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Personal Injury Trusts
Instead of receiving compensation directly, you may want to set up a personal injury trust. A personal injury trust is a trust in which any compensation you receive is payable to. Your money is then held and managed by your chosen trustees on your behalf. The benefits of paying your compensation directly into a PI trust is that they can be used to ensure that you are still able to claim any benefits and care funding that you may be entitled to, now and in the future, as trusts are discarded when assessing eligibility for means tested benefits.