Personal Injury Settlement Trusts in Colorado

We assist individuals and families with personal injury settlement trusts in Colorado, helping protect settlement proceeds and ensure long-term financial security. These trusts are often used when a settlement must be managed carefully over time, particularly for minors, individuals with disabilities, or clients receiving needs-based benefits. If you’ve been in part of a personal injury settlement, feel free to reach out and see if a personal injury settlement trust is appropriate for you.

When to Consider a Settlement Trust

Before settlement distribution, early planning can make a significant difference. A settlement trust may be appropriate when:

• The recipient is a minor

• The recipient has special needs

• The recipient has high medical needs or requires public benefits

• Long-term management of funds is necessary

Why Use a Settlement Trust?

These trusts are particularly important when large settlements or vulnerable beneficiaries are involved. A personal injury settlement trust can:

• Protect settlement funds from mismanagement

• Provide long-term financial stability

• Preserve eligibility for public benefits

• Ensure funds are used for intended purposes

Our Services

Creation of Settlement Trusts

Settlement trusts provide a structured way to manage and distribute funds over time. We can help with:

• Prepare C.R.P.P. 62 Petition (Rule 62 Petition), formally requesting to approve a formal request for court approval of a proposed settlement on behalf of disabled adult or minor child

• Drafting personal injury settlement trusts

• Structuring trusts to meet court or settlement requirements

• Coordinating with personal injury counsel

Special Needs Planning

Courts often require safeguards when settlements involve individuals with disabilities, including physical injuries, and/or mental and behavior health issues. We can help with:

• Establishing trusts for individuals with disabilities

• Preserving eligibility for public benefits (e.g., Medicaid, SSI)

• Ensuring funds are used to supplement benefits

Minor Settlement Trusts

Courts often require safeguards when settlements involve minors. We can help with:

• Creating court-approved trusts for minors

• Managing settlement funds until adulthood

• Providing oversight and long-term planning

Court Approval of Settlement Trusts

Courts often require court approval for these settlement trusts, whether for a minor or for individual with disabilities. We can help with:

• Creating the appropriate settlement trust terms

• Seeking the appointment of a special conservator or single transaction conservator

• Obtaining court approval of the Trust and the settlement funds

• Ensuring the fairness, transparency, and protection of funds

• Coordinating with personal injury attorney to ensure proper settlement of funds from personal injury case

Trust Administration Guidance

Trustees must manage funds prudently and in accordance with the trust’s terms. We can help with:

• Advising trustees on duties and responsibilities

• Assisting with distributions and compliance

• Providing ongoing legal support

Structured Distribution Planning

Often, these settlement trusts required specific language and planning relating to structured distributions to the beneficiary. We can help with:

• Designing long-term distribution schedules

• Balancing immediate needs with future financial security

• Protecting funds from misuse or premature depletion

Resources

These resources provide general background on settlement trust and court procedures.

• Petition for Approval of Settlement of Claims Pursuant to C.R.P.P. 62 | Colorado Judicial Branch

• https://hcpf.colorado.gov/instructions-for-submitting-trusts

Local Experience

We work closely with courts, families, personal injury attorneys, insurance carriers and their counsel, and financial professionals to ensure proper setup and administration of personal injury settlement trusts. We assist clients throughout Denver and the state of Colorado.

Contact Us

If you are considering a personal injury settlement trust in Colorado, we provide practical guidance to help protect your recovery and plan for the future. We are here to help!