Aeran is regularly contacted by lawyers located overseas and families located locally to discuss settlement and financial management options for Australians injured abroad.
It can be a long and difficult process to pursue litigation overseas, so it's important to get local expert input before final decisions are made.
Lawyers in the UK and US, for example, are generally unfamiliar with the highly tax-effective investment options uniquely available for personal injury compensation in Australia.
Periodic payments are sometimes part of settlement negotiations in those jurisdictions, but the tax treatment of such payments (when received in Australia) is something that requires careful consideration.
The lower discount rates applied in the UK and US can really make a big difference in achieving fairer lump sum settlements. Making the most of such settlements back in Australia is where Aeran can really add value.