Medicare Set-Asides (MSAs) are often an important element in structured settlement planning. The purpose of MSAs is to "set aside" funds from the structured settlement so the injured party can pay for current or future medical expenses that would otherwise be covered by Medicare. Medicare is the secondary payer for injury-related medical expenses—after a defendant
Bringing two parties to the mediation table in a personal injury case is often a substantial feat. It shows a willingness to negotiate and even to compromise on both sides. Much discussion and agreement needs to happen before reaching the “demands and offers” and eventual settlement phase. Knowing in advance how much an injured client
When someone is physically injured on the job, shouldn't the IRS consider the entire settlement proceeds as non-taxable income? The answer is complicated. Tax attorney Robert Wood explains how timing and semantics play a role in the tax status of physical (and emotional) damage settlement proceeds in his piece "Emotional Distress Damages Are Taxable, Physical
