What is a personal injury trust? Senior Associate, Holly Mieville-Hawkins explores in this video.
A Personal Injury Trust (PIT) is an irrevocable trust that pays for the medical expenses and other benefits of an injured person. It’s also called a “Trust fund” or “Third-party settlement.” A PIT can be created by anyone, including insurance companies or other entities, to pay for the medical expenses and other economic losses of an injured person.
This video is for information purposes only and is not a substitute for legal advice and should not be relied upon as such. Please contact us to discuss any issues you are facing.