Litigation Lawyers

At Albert Goodman we have considerable experience of both advising clients in relation to compensation awards, and of working jointly with fellow professionals.

Whether the award relates to Personal Injury or Medical Negligence, we’re fully aware of the many planning issues that such clients need to consider and we believe that Financial Planning for compensation recipients is a specialist field, which generally requires specialist knowledge and experience.

As the award is likely to represent the recipient’s main source of income or capital for the rest of their lives and as most cases are settled on the basis of compromise, the sum awarded may well fall short of the amount which is needed to fully meet the recipient’s needs.

Therefore it may be very important to protect the client’s rights to available State benefits, to make best use of tax allowances and to keep costs down. An appropriate investment strategy is also crucial and, although it may be necessary to accept investment risk to have any chance of achieving the returns required to assure financial security for life, it is equally important to manage risks and liquidity very carefully.

Our Approach

We aim to provide our Clients with a lifetime Financial Plan which covers:

• Short term liquidity, making sure cash is available to meet any one-off capital expenditure and regular expenses as required
• Protection of State benefit entitlement and assistance with claiming benefits as required
• Structuring any annuity or investment portfolio to achieve a balance between the required investment return, an appropriate level of investment risk, tax and cost efficiency
• A programme of regular reviews to keep the strategy on track

Specialist Qualifications

Our team of specialists hold all the qualifications required plus a number of others which are also relevant. Those which are particularly relevant to this area of advice include:

• Chartered Financial Planner
• Certified Financial Planner
• Chartered Tax Adviser
• Member of the Society of Trust and Estate Practitioners
• Investment Management Certificate

Further information:

Our Services for Recipients of Compensation Awards are led by Director Dave Robinson who, as well as being a very highly qualified Financial Planner, is also the father of a son with severe learning difficulties.

Dave has a very personal affinity with people who have special needs and a comprehensive knowledge of financial planning in this specialist field. He presents on the subject for various national charities and local groups who support people with Special Needs.

Dave and his support team are based in our office at: Tallford House, 40 Walliscote Road, Weston Super Mare, North Somerset, BS23 1UY.

Telephone: 01934 642222

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