Court of Protection
Court of Protection
It is our firm belief that financial planning disciplines applied to individuals should also be applied to recipients of Personal Injury awards, and Protected Parties under the Court of Protection where a Deputy has been appointed to manage their financial affairs. Conçerva act for clients who have sustained very serious and life changing injuries and have received substantial awards of compensation and where:
- Professional or lay deputies have been appointed by the Court of Protection;
- An injury to the brain has been sustained but with no loss of capacity. These vulnerable clients require extra professional support and supervision in the management of their finances;
- A spinal cord injury has been sustained resulting in paralysis requiring special needs for life.
Claimants with Capacity
At an early stage within the legal process, claimants and their legal advisors need to consider putting in place a Personal Injury Trust. We have a “turn-key” package for such cases which include the following features;
- Preparing the Trust Deed
- Establishing a trust bank account
- Short term cash deposit advice
- Welfare Benefits advice
- Preparation of a lifetime financial plan
- Portfolio construction and on-going financial planning, advice and support
- Annual self-assessment tax reporting
A senior member of the Conçerva team is allocated to provide the initial and ongoing advice. The adviser will travel to meet with the client at their home. It is our aim to provide continuity of service with a senior member of the Conçerva team and for this to be in a place that is comfortable and convenient for the client.
Court of Protection Protected Parties
For Deputies, the preparation of a lifetime financial plan is vital to bring predictability and provide protection of future income and expenditure whilst at the same time preserving capital.
Deputies also need ongoing specialist financial planning advice and support. Concerva offers, where appropriate, the same service provided to Claimants with Capacity as detailed above.
Conçerva has a wealth of experience in these complex areas. Working with the clients and in conjunction with other professional advisers and representatives, Conçerva applies its expertise to ensure their financial affairs are efficiently managed and safeguarded on a long term basis.