Post Settlement Brain Injury Services
Looking after your interests following your brain injury claim
For many who have been through the process of claiming compensation after a serious injury, the end of that process can seem in itself a daunting and strange experience. At Irwin Mitchell we believe that it is a key part of our role to be able to offer ongoing services to help our clients adjust to life after the case is over. In many cases, we can provide this support well before a claim concludes so that our clients are prepared for what lies ahead.
Financial advice following brain injury
Whenever a client receives a substantial compensation payment it is important to obtain independent financial advice. Financial advice may be required on two separate occasions. We may need to advise upon whether to claim for a “periodical payment”, which involves regular payments designed to cover the cost of your needs for the future, for example to replace lost earnings or meet the cost of domestic support. Before a case settles it is important to consider whether part of your award should be taken as regular tax free guaranteed income rather than all as a lump sum. This is of paramount importance where there is a substantial claim for care.
Once your claim has settled we feel it is very important that you secure sound independent financial advice on how to invest in order to meet your future financial needs.
Our clients are free to choose any adviser but you may wish to consider IM Asset Management. There is no obligation and no initial fees or costs in meeting with them in order to discuss your needs.
Often, all or part of a settlement involves a lump sum payment of damages. In such cases, we emphasise the importance of securing good financial advice on how to invest those damages for the future. Our clients are always free to choose their own advisor, but for those who are interested we can offer the services of IM Asset Management Limited (a company owned by the Irwin Mitchell Partners), to meet with our clients and discuss their needs with a view to preparing a report advising on an investment strategy. IM Asset Management Limited specialises in the investment of personal injury damages.
Powers of attorney, trusts, wills and conveyancing
Irwin Mitchell offers a broad range of services which means that our clients can receive direct help with many other needs both during the claim and after the case has concluded.
We can provide specialist advice in personal injury trusts (also known as special needs trusts”) which help clients who receive means tested state benefits to retain those benefits after they receive damages.
In addition we specialise in drawing up more complex trust arrangements, drafting powers of attorney and wills, and arranging for property conveyancing. With all these services upon “one roof” our clients benefit from close liaison that can take place between the different advisors. We also offer help with family disputes if relationships break down.
Court of Protection
For some of our most seriously brain injured clients, ongoing budgeting and financial management may need to be supervised by the Court of Protection where the Mental Capacity Act 2005 applies. For those clients, we offer an in-house service of professional deputies (formerly known as “receiverships”) which can be set up during the course of the claim in readiness for the final award.
Contact us here for more information and advice >