Injured Parties

Articles and information on injured party structures and related settlement industry news.

Protecting Plaintiff Government Benefits

I’ve been getting calls from attorneys and injured parties asking whether settlement proceeds could jeopardize government benefits eligibility. Will Lindahl at CPT Institute put together these guidelines. If a plaintiff or family member is receiving government benefits, the plaintiff must notify the applicable state agency by registered mail of the impending settlement proceeds. If the

Was Your Structured Settlement Tax-Free In 1918?

Most of us think the availability of a tax-free settlement option for injured parties began in the early 1980s. In fact, its roots go back to the Income Act of 1918. At that time, Congress stated that income resulting from "personal injury or illness" was exempt from taxation. 1979: Fast forward to 1979 when the

A Structured Settlement Benefit: Staying Out of Debt

Reaching a financial settlement in a personal injury case is meant to provide the funds needed for the claimant to live comfortably without money worries. Yet bad investment decisions or careless spending can leave the injured party unable to pay creditors. The urge (or necessity) to spend beyond one's means is increasing. Data from Lending

Structures: Safety & Security

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.

Catastrophic Injuries and the Role of Structured Settlements

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

Help Is Here for Managing Medicare Set-Aside Funds | CareGuard

Medicare Set-Aside accounts (MSAs) have to pay medical expenses first and be depleted before Medicare pays for any expenses. Injured parties have choices, manage complicated MSA account compliance themselves or hire someone. The “Self-Administration Toolkit for Workers’ Compensation MSA Arrangements” alone, is 31 pages long. Improperly follow procedures and Medicare may deny coverage. The second choice —professionally managed MSA accounts.

Structuring a Catastrophic Injury Settlement

When someone suffers a minor physical injury and a settlement is reached, the settlement funds offer financial peace of mind until the injured individual can resume normal activities. When a catastrophic injury occurs – requiring medical and personal care – the settlement takes on a more vital role. Settlements must last a lifetime so that the injured individual receives medical treatment and can lead as normal a life as physically and emotionally possible. Each catastrophic-injury case is different, but there are similarities that are the basis for determining the type of structured settlement to create.

Another Suddenly Wealthy Athlete Goes Bust

Trent Richardson had it all in 2012—third overall pick of the Cleveland Browns and a $20.5 million guaranteed contract. In four short years, he’s out of the NFL and leading a “humbling” life when it comes to his finances. Like many former NFL players who were suddenly flush with cash at the start of their careers, he soon found that friends, family and hangers-on sucked him dry.

Structuring Non-Injury Settlements

When most people think of structured settlements, they think of physically injured individuals, limited or unable to work, who must make their settlement last for years or even a lifetime. While this is true with most structured settlements, there are scenarios where a structured settlement may make sense for non-physically injured individuals - and for the defense. Even when cases do not qualify for tax-exempt status, the tax-deferred and financial planning aspects of the settlements could still make them worthwhile.

Advantages of Structured Settlements for Injured Minors

When a child is injured, parents have much to think about. High on the list is the child’s financial needs during the initial recovery period and beyond for medical, rehabilitation and other experiences. If there is compensation for the injury, judges often require that the settlement be structured so the best interests of the minor

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