Prior to the appointment of a financial manager or administrator, families want to know what the options are, what the fees are and what sort of service they will receive. They want to know how they will be treated.
Lawyers, recognise that at the time of settlement you are standing between your client and their financial future. They are looking to you for guidance. Learn the facts and what questions to ask to enable good choices.
The federal government has introduced legislation to make good on its intention to fully exclude personal injury funds from the $1.6m cap on money that can be held in a tax-free pension account. The new regime commences 1 July 2017 and now plaintiffs can breathe a sigh of relief.