If you or a loved one has a serious life-changing injury or illness, you want to be sure that the compensation you receive will give you and your family the financial security you need now and into the future.
At Novum Law, sound financial planning is at the heart of every compensation claim. From the outset, we will work to ensure all your costs are covered – from ongoing expenses which can include loss of earnings, medical bills, travel expenditure and home or car adaptations to future needs, such as rehabilitation or care and support.
Our specialist personal injury solicitors focus on providing the right advice from the best medical experts and professionals ensure you receive the maximum compensation available, and that your settlement covers all your needs.
Our specialist Wills, Trust And Estate team are also on hand to advise on planning and managing your finances during your claim, and once it has settled. They can assist with any personal and legal matter including
- Trusts, including Personal Injury Trusts
- Wills, Advice & Preparation
- Inheritance Tax Planning
- Probate & Estate Administration
- Lasting Power of Attorney
If you are looking after a vulnerable family member, we frequently partner with our sister firm Hyphen Law, specialists in managing the property and financial affairs of those who lack the capacity to make their own decisions.
Additional support includes:
- Recommending financial advisors
- Helping Deputies with their legal, financial and reporting obligations
- Professional Deputyship services
- Advising on care and support packages and funding
Visit Hyphen Law to find out more about their specialist services.
Frequently Asked Questions
The Court of Protection can appoint a ‘Deputy’ to make ongoing decisions about finances and welfare for people who lack mental capacity.
A Deputy makes decisions that are in the best interests of the individual and can help to ensure their financial affairs are properly taken care of.
Parents and family members can be Deputies, but often professional Deputies are appointed to provide expert and dedicated support. The cost of a professional Deputy can be recovered through the claim.
The Court of Protection is responsible for making decisions on property and affairs and welfare matters for people who lack the mental capacity to deal with those issues themselves.
Financial planning is a useful way to calculate how much money you need to cover your ongoing and future expenses. It’s important to plan your finances if you or a loved one has suffered a serious, life-changing injury or illness and is in the process of making a claim or has received a large settlement.
This will help you to manage your cash flow and ensure you and your family have financial security for the future.
If you have a question that is not listed above, please visit our FAQs page. Alternatively, please call our specialist team on Freephone 0800 884 0777 or contact us online for a free, no-obligation chat.