Articles and information on physical injury structures and related settlement industry news.
Last week, the Federal Reserve increased interest rates by 0.75 percent--the third time this year. Another rate increase is expected. This means we’ll see mortgage and credit card rates move higher and stock market volatility continue. Not everything is bad news, however. There is a silver lining for personal injury claimants. Rising Rates. Ten-year bond
After going through the pain and shock of a loved one suffering a catastrophic injury, family members are then faced with another jolt-the realization of the staggering costs associated with keeping their loved one in the best possible health. A recent Merrill Lynch/Age Wave survey found that 41 percent of caregivers said they entered the
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
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.
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
Successfully negotiating a monetary settlement in an on-the-job injury, discrimination, harassment, retaliation, wage and hour or other employment-related claim is the responsibility of all parties — both defense and plaintiff. If the litigation involves a physical injury, the settlement must insure that the injured worker can pay for day-to-day living expenses until able to return to work — or, when life-changing damages occur — to enable injured parties and their families to have enough funds to last a lifetime.
Structured settlements have helped injured individuals and their families obtain financial security even in the face of lifelong medical challenges. According to the National Structured Settlement Association, more than 25,000 such arrangements are drawn up every year.
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."
Prudential recently shared videos of individuals who have experienced traumatic injury—either to themselves or to family members. They show how structured settlements made a difference in their lives. The videos were produced by Prudential with the help of the Structured Solutions Leadership Council
