Suffering from a serious accidental injury can be a life-altering experience. Victims are often no longer able to work and provide for their family. That's why the federal government amended the tax code in 1982 to allow injured individuals (or beneficiaries in wrongful death cases) to receive their settlement funds in guaranteed, tax-free payments through
Once a case settles in your client's favor, how can you be sure that the structured settlement payments will be distributed properly? That's the job of the structured settlement broker. Brokers are responsible for payment set-up and coordination. As the attorney for the plaintiff, you have a right to use your own broker for these
When discussing structured settlement annuities with anyone, the question that often comes up is "Are they safe?" That's understandable. The last thing anyone wants to worry about is the long-term reliability and safety of their money.
By Ali Mendiola, February 28, 2019, Appeared in WorkCompCentral.com Every day, accidents, sometimes fatal, occur in the workplace. As a structured settlement broker, I see the aftermath of these incidents and their long-term impact. While settlement funds can't make someone with a catastrophic injury whole again or bring back a deceased family member, they can
Personal injury cases have to be handled differently if an injured party qualifies for Medicare (must be 65 or older, on SSDI for 24 months or more or have end-stage renal failure) or will qualify for Medicare within two years. In these cases, a portion of a settlement must be set aside, separate from other
In today's economic climate where the markets seem unable to find their financial footing, it's good to know that structured annuities offer a safe haven to place personal injury settlement funds. A rundown of benefits: A lifetime structured settlement annuity is much like a pension plan or Social Security benefit (the ultimate annuity)—pay into it
Special Needs Trusts (SNTs) provide critical financial support to those with life-long severe or catastrophic injuries. A properly created and managed SNT allows money from a personal injury settlement to be set aside for medical care and day-to-day living support without the injured individual losing or being disqualified from receiving government benefits. To be eligible
