patrickfarber.com headlines from the structured settlement world.
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
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
This week, the Federal Reserve decided not to raise short-term interest rates, but forecasters are expecting the Fed to boost rates two more times this year after already raising rates by 0.25 percent in December (only the second rate increase in a decade). Plaintiffs considering a structured settlement may be concerned they may miss out
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.
It's time to welcome incoming 2016 CAALA officers and congratulate the annual CAALA award recipients. All will be honored during CAALA’s 67th Annual Installation and Awards Dinner Dance on January 16.
Some injured parties may be hesitant to agree to a long-term structured settlement because of the current relatively low yields of the structure’s underlying investments. They may worry that by locking in yields of around 2.63 percent for 10, 20, 30 years or longer, they will not be able to take advantage of higher interest rates in the future.
While I don’t usually ever recommend selling structured settlement annuity payments, there may be very rare cases where there is no other choice. The factoring horror stories mention in the WSJ article took place in Virginia and Florida.
I've just returned from the CAOC seminar in Maui where I was the Program Sponsor and had the honor of speaking on deferred attorney fees. While there, I heard many informative speakers. One session that really stood out was by Brett Schreiber, a partner with Thorsnes Bartolotta McGuire LLP. His topic was "Litigating Traumatic Brain Injury Cases."
Pacific Life’s Index-Linked Annuity Payment Adjustment Rider sets payments based on positive S&P 500 Index returns. When the S&P 500 Index increases over a 12-month period, the injured party’s payments can increase in a range from 1 percent to 5 percent.
The Orange County Trial Lawyers Association will honor five outstanding attorneys during its Top Gun Trial Lawyer of the Year Awards ceremony on November 23 at The Montage, Laguna Beach.
