Compensation invested carefully after rider suffers amputation
Unfortunately, Mr S had to have a below the elbow amputation to his arm. We helped him recover an award of approximately £800,000. The litigation took a long time to process, but he had the reassurance of knowing he had experts acting for him throughout.
Mr S was unsure about his future and didn't know if he would return to work. After some time, he decided to use part of his compensation to buy into a business venture which would return him to the workplace and provide some normality. Mr S's family and friends had supported him following the accident, but he doubted the motives of some of his friends, who seemed keen to help him 'spend' the compensation.
Through sensible financial advice arranged by us, Mr S was able to appreciate the true purpose of his compensation fund. Far from being akin to a lottery win, he realised the money had to be invested safely and carefully to provide for his future needs.
He struggled with legal and financial matters and decided to enlist the help of Access Legal from Shoosmiths' Wills, Family & Wealth team. Mr S set up a Personal Injury Trust so that he had someone else - a trustee - helping him manage his money and plan for his future needs.
