The advisors at Gresham Wealth Management have over 15 years’ experience of managing the ongoing investment of personal injury & medical negligence awards and providing financial advice to individuals, inexperienced trustees, professional trustees and professional deputies.
Our advisers understand that providing advice to recipients of personal injury awards means more than the fundamental management of a portfolio of investments. Once a personal injury settlement has been secured, our goal is to ensure that injured or disabled persons and their immediate family continue to enjoy the quality of life that the award is designed to provide them with for the rest of their lives.
Part of this is ensuring that our advisers are personable and can be approached by the individuals involved with the trust as required. Knowing that the best advice is being taken to ensure that the recipient’s needs will continue to be met through their lifetime, and also having a trusted financial adviser available to call upon can be of great emotional benefit at what is already likely to be a stressful and emotional time.
Our services in serious injury/medical negligence cases can be broadly divided into two categories: pre and post-settlement.
- Pre-settlement advice – this may include helping personal injury solicitors to decide on the best way forward regarding the payout of a settlement – be that periodical payments or a lump sum payment. We can assist in carrying out a lifetime needs analysis and advise on pension losses; acting as an expert witness where appropriate.
- Post-settlement advice – this usually involves cashflow analysis, investment planning and implementation advice.
Our Experience in the Field of Personal Injury & Medical Negligence Settlements
The breadth of Gresham’s experience covers both recipients of awards who are deemed to have capacity and cases where capacity is deemed to have been lost & a deputy has been appointed by the Court of Protection.
We are well-versed in State Benefits legislation and provide guidance with regards to the protection of State Benefit entitlement in respect of both Personal Injury Trusts and Court of Protection cases.
Our advisers have been successful in protecting the State Benefits of clients who have used their personal injury award to purchase a council house. We have further provided guidance as to the purchase of a property with a proportion of a Personal Injury Award and monies held personally by a family member providing ongoing care (which could derive from compensation provided for Gratuitous Care pre-settlement).
Gresham’s team ensure that advice is accessible to all by tailoring our approach according to the knowledge and expertise of the person with whom we are conversing. In this respect, we have the ability to help those who have very little or no experience of investing understand the methodology behind the construction of their investment portfolio and ensure that ongoing withdrawals are sustainable over their lifetime.
For further advice in relation to our services in this area, please contact us.
