- The pros and cons of establishing a Personal Injury Trust, with consideration given to the size of the award, expenditure needs, the costs and complexity of running a Trust, means tested benefits being received and the potentially increased likelihood of entering a care home later in life.
- Structuring investments within or outside of a Personal Injury Trust to meet a client’s long-term objectives - ensuring that they are aware of all risks involved and are not taking more risk than is necessary.
- For those under the Court of Protection, preparing and submitting investment recommendations to the Courts for approval.
- Improving the return on deposit monies (for any capital that will not be utilised for some time). This is essential for anyone under the age of 75 who needs their award to keep pace with inflation over their lifetime.
- Minimising Income Tax / CGT liabilities where applicable.
- Advice on drawing tax-free cash and/or an income from pensions and/or generating income from other assets owned.
- For clients in poor health who have some pension provision - advice on drawing benefits (possibly before minimum retirement age) or for advice on maximising death benefits or ensuring their spouse is taken care of.
- For clients at point of entry to, or already in, residential/nursing care - advice on meeting any shortfall in funding care fees or ensuring that capital is not eroded over the long term to pay for care fees as care fees increase.
- Cashflow modelling for clients who wish to look at their cash flow situation both now and projected for the future and what steps can be taken to improve their situation.