Personal injury claims, and the resultant assessment and agreement of compensation, can be a very lengthy and drawn out procedure.
Our Personal Injury Specialist Adviser program, PISA™, utilities a specifically designed framework to sit over the investment strategies and provide benefits for clients. We have developed a tailored program, which helps people who have received a personal injury and or have suffered a disability. Only an Aged Care Specialist Adviser™ can deliver the PISA™ program.
The PISA™ Checklist
1. Issues to consider before settlement
- How to manage your life and finances before the settlement.
Loss of income is often the first financial hurdle to face before a settlement. Higher than expected expenses and managing with less can be stressful. You’ll need to understand a number of issues such as costs, timeframes and what your entitlements are. - Funds Management Report
Funds Management Report (FMR) will outline and explain the costs involved in managing your settlement, now and in the future. - How our specialist advisers can help you through this stage.
We’ll help you with advice on money management issues such as understanding expenses and all the questions and costs about managing after the settlement.
2. Issues to consider after the settlement
- How to appoint a manager, administrator, attorney or trustee, if necessary
In cases where injured person is rendered incapable of making their own financial decisions, the court will appoint a manger, administrator or trustee. - How to choose a financial partner
Firstly the injured person may need to find a financial adviser. The key issue is to feel comfortable with their experience and skills to look after all your needs and to protect you. You need to like them, trust them and respect them. - How to choose those who will support you.
You may need assistance in finding the right equipment and the most appropriate carers, therapists and counselors. - How our specialist advisers can help you through this stage
We’ll recommend trustees and help your lawyers obtain, hire and pay for you the best support, financial structures and independent professional resources required.
3. Issues to consider about managing your settlement
- How should I invest my money
Your compensation payment needs to last as long as you do. Your money needs not only to be secure, it needs to be able to look after your short and long-term needs in the most productive way. This should be achieved with a carefully formulated financial plan. - How should I structure my settlement
It’s imperative that you find the best tax structure for your lump sum. Appropriate superannuation may provide a low or tax-free situation whilst still providing you with full access to your money. - How to best understand appropriate Centrelink benefits
Many people lose their Pension benefits when they enter care with a lump sum payment. Our strategic modeler examines your situation and calculates the optimal results for you. - How our specialist advisers can help you through this stage
We’ll develop a personalised financial plan, which will look after your immediate and long-term needs by maximising your Centrelink entitlements and minimizing your taxation. By managing all the administration and paperwork we look after your income payments and ensure all your bills are paid on time. We have a professional network of service providers who will seamlessly help you to rebuild your life and provide the best possible future for you and your family loved ones.