When a claimant receives personal injury damages, the money can be taken as a one-off lump sum, as periodical payments or a combination of the two. A periodical payment report is written after an assessment, usually in conjunction with legal teams and litigants, which uses current legislation and established legal precedent to put together a plan to make sure the claimant’s future needs are met, as far as they can reasonably be predicted.
We can produce the report as a formal court expert witness document or simply to help one or both parties assess the merits of a Periodical Payment Order in their particular case. The report usually covers tax, continuing financial security, indexation, longevity of funds, impact of contributory negligence and the preference of the parties and their reasons.
There may be other considerations included, depending on the details of that case.