We specialise in helping individuals and families who have received substantial compensation payments for life changing injuries.
We have worked with many families and legal firms in this difficult area. We are experienced at dealing with financial deputies and working alongside them and family members to make applications to the Court of Protection when needed.
Our bespoke advisory investment and financial planning services are ideal and very cost effective in these situations.
We provide detailed annual cash flow forecasts to allow deputies and families to understand the extent to which lump sums can be spent, and the amount of income that it is sensible to spend, in order to protect long term interests, while living comfortably today.
If you receive compensation for your injuries, you will need to think about how best to use this money and how to protect it. If you normally receive means-tested benefits, these may be cut if you receive compensation, even an interim payment.
To deal with difficult situations like this, we often advise setting up a Personal Injury Trust. This can secure your compensation award and protect you from having your benefits cut, or even protect your assets if you are faced with divorce or bankruptcy. We will work alongside your legal team to put in place an investment strategy either inside or outside of trusts. We have a number of specially qualified tax and trust advisers in-house to assist with this.