John Davies had been referred to us through his legal practice after succeeding in his claim against the NHS for negligence at birth. The Court of Protection had appointed two deputies to act on his behalf of John, one of whom was John’s mother and the other from the legal practice. The deputies are responsible for acting in the best interests of John with regards to any financial matters. .
The court had awarded John a substantial lump sum to be invested for the long term and periodic payments for the rest of his life. A meeting was arranged with the two deputies so that his on-going financial planning could be.discussed. The financial plan was created taking into account John’s periodic payments along with an investment strategy for the lump sum. We were able to construct a plan that left both deputies assured that John would be able to live comfortably knowing that his financial interests were looked after responsibly.
Sometime after the initial meeting, John’s deputies felt that his current home was not suitable for his everyday needs. Once again a meeting was arranged with the deputies so that we could carefully consider all the options available to him. A report was sent to the deputies advising on what an affordable budget for the new property was and how the capital withdrawal could be constructed from the’ existing portfolio. The lifetime cashflow forecasts are updated regularly so that John can enjoy use of his capital while his family remain confident there is sufficient left in place to cover all eventualities.