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Financial Planning After a Personal Injury Settlement
Expert financial planning is crucial for individuals and families navigating the long-term financial implications and necessary care costs following catastrophic injuries.
Financial Planning After a Personal Injury Settlement
When a catastrophic or debilitating injury occurs, the injured party and their family often face a daunting task in ensuring the correct decisions are taken to provide long-term financial security and to cover the cost of any required care.
At such difficult times regular, face-to-face communication is crucial to allow us to understand personal circumstances, requirements and goals. This is particularly so with Court of Protection cases, where frequent advice can be needed in response to changing circumstances.
Because so many claims of this nature can take some time to come to fruition, and the fact that settlements may be required to fund a person’s situation for many years to come, we offer advice to claimants and their legal advisers on the appropriate structure of an award – particularly in relation to Periodical Payment viability.
We are also equipped to advise on interim payments and our cashflow modelling techniques can assist in assessing the implications of offering or accepting Part 36 offers.
Once the claim has been settled, we then specialise in designing appropriate financial planning and investment strategies to ensure, as far as possible, that the award is able to meet the claimant’s (often evolving) needs throughout the rest of their life.
This process will invariably involve us ensuring that all rights to state benefits and statutory funding are fully understood and protected. It may also make use of particular tax mitigation arrangements available to people in this position.
We use our specialist knowledge and cash flow modelling techniques to ensure that the required return on investment is as fully understood as it can be.
We also work with a range of specialist investment managers; and often, particularly in more complex and higher value cases, we will combine a range of different investment strategies and managers to achieve different target returns over different timescales with a view to reducing risk and providing a higher degree of security for the injured party.
In sensitive and challenging cases, a close relationship between the legal advisers, the claimant or their representative, the carers the financial planner is essential. WBW Chartered Financial Planners places great emphasis on a partnership approach in order to meet the injured party’s needs.
WBW Chartered Financial Planners is a trading style of Centurion Wealth Management which is authorised and regulated by the Financial Conduct Authority (FCA). Registered in England and Wales Number 7001057. Registered Office: Channel Court, 8 Hill Road, Clevedon, Bristol, BS21 7NE. Registered in England and Wales.
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What Our Customers Say
WBW = What Buyers Want. A fabulous service and nice people to deal with. Thank you Team WBW.
Thank you for all the help you have given me regarding the two sales and the problem I had. You are definitely a great asset to the company.
|Leandra was friendly, straightforward, and explained the pros and cons of the alternatives.|
My husband and I were first time buyers, we knew nothing about the process and were both finding the whole thing very stressful. Debbie made the whole process from start to finish easy and enjoyable. She was always available to answer any questions, listened to us, kept us informed all the way through and was professional and a pleasure to deal with. I cannot recommend Debbie highly enough.
We wanted to let you know how grateful we are for managing the conveyance of our Farm so smoothly. Never before have we been asked so many questions about a septic tank! We really appreciated your cool hand on the tiller and will be in touch in the future when we find a house in UK. Please pass our thanks to the front desk colleagues who were always so obliging and friendly.
Emma Oakley was extremely helpful and explained everything to me.
I just wanted to say a huge thank you for all your help on this one. You did an amazing job completing the sale within just 30 days from agreement – wow!
Carlie Broome has been exemplary in her work for us and we would always choose to use her again.
Thanking you kindly for your email and sending the office copy entries which will be a great help and very much appreciated to you and your team for your time in obtaining this information for me for further notice and peace of mind. Many Thanks To You.
The service provided was highly professional, and I was kept well-informed throughout the process. The final cost was within what was initially stated. I will not hesitate to use their services again in the future and would confidently recommend them to others. Thank you.
We have been impressed with your regular updates and helpfulness.