We help clients understand what their recovery means for their future and how to make the most of it. Whether planning for your children’s education or managing medical expenses, each piece has a financial component. We’re there to be a sounding board for future planning concerns and also provide foresight into unforeseen circumstances.
Securing Your Future
At Byrd Settlements we recognize that financial and personal recoveries should be commensurate with the pain, suffering and loss that many plaintiffs have endured. Attorneys work hard to provide the immediate financial recovery and we believe it is our job to protect that, secure your future and in so doing ensure a total personal recovery, to the extent possible. For this reason, we work with our clients to develop a plan for their financial settlement that is both custom and specific, and always with the client remaining in total control, in terms of access to their funds.
Our clients want to protect and grow their recoveries, and they have the resources and choice to utilize the most talented providers at pricing that recognizes most plaintiffs have one shot at this. There likely will not be significant future income. However, many clients who had significant personal resources (and existing financial teams to manage them) have decided to make a change, and trust Byrd Settlements with their recovery (and personal savings) after a look at what we do and how we do it. We specialize in Recovery Management, not wealth management. However, in the same way a racecar driver can also drive on the highway, our advisors are proficient at managing wealth…they are just used to a little more pressure.
So, whether a client needs to plan for medical or lifestyle needs and expenses into the future, supplement or replace an income, or provide for dependents, children or any number of lifetime circumstances, we have likely seen it (or something like it!) We work with you to ensure these needs are met and the settlement received will last.
Planning for the Unexpected
As we plan for practical and anticipated costs, we also work with a number of experts to ensure we eliminate the unknowns where we can and have financial solutions for unexpected expenses when they occur. Using decades of settlement planning experience, we work with our partner advisors to take an appropriately conservative approach to help our clients manage their finances, while also understanding that these funds are meant to enrich your quality of life. That does not always follow a schedule, so these accounts are designed to be flexible to address unknown timing and security to ensure longevity. All while allowing plaintiffs to maintain ownership, access and ultimately control of these hard earned funds.
Comfort and Security
Our goal with any plaintiff protection account is to ensure clients are well taken care of beyond receipt of their initial settlement. We work with experts to extend the longevity of the settlement, grow the account and build an income and savings that will provide comfort and financial security well into the future.
A recovery should be the beginning of a new chapter in a client’s life and allow for clarity, peace and happiness. We will work with clients to understand their financial goals and needs. We develop a plan that will provide the highest level of comfort and long-term security possible. Our negotiated fees and long term relationships ensure clients benefit as much as possible through fee rates they would likely not be able to find or negotiate on their own. Our case volume provides our clients with a level of leverage, which is beyond what any one case could provide.
Plaintiff Protection Accounts focus on security and flexibility, while ensuring clients have the access they need to meet future goals and objectives, and hopefully enrich their lives along the way.