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Your client is injured and will likely receive a significant settlement. Many clients are tempted to take the settlement proceeds and go on a spending spree--new cars, homes and luxury goods. If safeguards aren't put in place, the settlement can be quickly depleted and claimants will be left with little to live on. That's where
For injured parties, choosing how to accept their settlement proceeds can be one of the biggest decisions of their lives. Unscrupulous friends and relatives ask for "loans" that will never be repaid. The claimant may decide that now is the perfect time to start dabbling in the stock market, go on a spending spree or
A structured settlement can now combine the tax-free benefits of an annuity with the growth potential of Vanguard mutual funds. The structured settlement's value would then be able to grow as markets rise. This new structured settlement option, called a "Growth Structured Settlement," allows injured parties to put half their settlement into an annuity and
Today's volatile economic environment raises questions by personal injury and workers' comp claimants considering whether to structure their settlement. Should they place their funds in a structured annuity? Or should they take the money in a lump sum and hope to do better in the investment markets? I had the opportunity to prepare an article
Winning a settlement for your client is one of the most satisfying experiences for an attorney. A settlement also comes with fees, but much of those fees could be wiped out if an attorney hasn't thought through the tax consequences of a lump sum payout. MetLife has been in the structured settlement business for over
A quote attributed to Albert Einstein talks about compound interest: “Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn’t…pays it.” While there is some question to the authenticity of the quote, one thing is for sure—compound interest (earning interest on accumulated interest) can have a big impact
As we finally close the books on 2020, we can look back on a year filled with illness and economic crisis. Unfortunately, much of the same will be in the forecast for 2021. For those experiencing a personal injury during these uncertain times, financial security is a top priority. Structured Settlements In Today's Environment. One
Be sure to "stop by" our booth at CAOC's virtual Annual Convention, November 19-21. CAOC has created an alternative way for members and sponsors to interact with one another, hear great speakers and honor this year's award winners. Until we can meet in person, it's the next best thing. Once you've logged into the
For personal injury claimants, the future is already challenging. The pandemic adds another layer of worry. Structured settlements offer a unique means to bring certainty to an uncertain world. Claimants have the peace of mind of knowing that they will receive a steady, guaranteed, tax-free stream of income regardless of market or economic conditions now or in the future.
During the pandemic, CAALA is offering insightful and informative webinars to its members. The latest is CAALA Women in Law's Unscripted...Real and Inspiring Conversations With Women Trial Lawyers on July 15 at 4:00 p.m. The speaker is Maryann Gallagher who will talk about her journey from law school to winning CAALA’s Trial Lawyer of the
