Medical negligence can cause lifelong emotional, practical and financial implications. It’s often a time that forces individuals to re-evaluate their lifestyle and future plans.
Whilst a financial settlement can help provide financial security, it also presents challenges too.
Our client Helen had received a significant financial settlement following medical negligence that had left her unable to work. It was, naturally, a time of emotional stress and confusion. Helen needed time to evaluate her goals and lifestyle wishes going forward.
The financial settlement, which is designed to provide for the long-term needs of the injured party, was paid as a lump sum. Any lump sum is considered a final payment and the ability of the injured party to generate additional funds through work is often nil. As a result, it was crucial that the settlement was used to provide a stable income that could support Helen for the rest of her life. Where a Deputy of Court is involved, we have a higher duty of care to ensure that the needs of the injured party are met as fully as possible.
Throughout the process, we worked very closely with professional Deputies of the Court of Protection to put in place suitable strategies to help manage the financial settlement. We also reviewed her longer-term needs and cost projections to provide a full cashflow analysis. We monitor her situation on an ongoing basis, and also provide assistance with Court reporting.
This collaborative approach means that Helen and her family have much-needed peace of mind regarding her long-term financial security.