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After working to secure a settlement award, what are the next steps to ensure your client receives the best possible advice going forward? Up until the point of settlement, the solicitor may have been the client’s only (or primary) trusted adviser. We believe that involving a professional financial adviser from then on enhances the relationship with your client.
Managing settlement awards is a key part of our business and our goal is to support the client and their family to help minimise the anxiety that can accompany financial awards. We have a proven track record working with recipients of personal injury and clinical negligence awards, either working on behalf of the underlying client directly or with people appointed by the Court. We endorse the use of cash flow modelling, which is particularly important when assessing long-term needs often associated with managing settlement awards.
The value of your investment can go down as well as up and you can get back less than you originally invested. Prevailing tax rates and the availability of tax reliefs are dependent on your individual circumstances and are subject to change. This document does not constitute personal advice. These pages are for professional use only.
Tilney is part of the Society's partnership scheme. The 'Services for your Client' pages are intended to provide members with relevant information and resources that may assist their work. The Society does not endorse or take responsibility for any advice, products or services mentioned within these pages.