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
When it comes to money, we humans have a natural desire to take risks if it means a potential big payout. Unfortunately, too often, inexperience and emotions end up costing us everything.
Warren Buffett, chairman and CEO of Berkshire Hathaway, recently offered a strong endorsement of structured settlements. His comments were provided to the National Structured Settlements Trade Association (NSSTA). Buffett has been an ardent proponent of structured settlements for decades. He's grown Berkshire Hathaway into one of the largest structured settlement annuity providers in the marketplace.
From CNBC: "Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 trillion clear of the previous nominal high of $12.7 trillion in the third quarter of 2008 during the financial crisis, according to New York Federal Reserve data released Tuesday." (May 5, 2020)On Wednesday, the Treasury
Thank you to CAALA (particularly Kwedi Moore) for giving us the opportunity to be included in the CAALA online Remote Business Solutions directory. The directory contains links to companies that are able to provide vital resources to CAALA members during the COVID-19 shutdown.Years ago, I developed a contingency plan so my staff could continue to
Annuity Interest Rates. Life insurance companies aren't tied to any one interest rate when determining the rate of return for a structured settlement annuity. This rate flexibility was evident when we prepared structured settlements this week for two injured clients. While the 10-year Treasury rate is currently under 1 percent, the insurance company was able
Identifying clients on means-tested government benefits during the client intake interview allows counsel to take the necessary steps to preserve those government benefits by Patrick Farber | Cameron Lindahl | Advocate 2020 February | View the PDF Version here Recent government policy changes are affecting common means-tested benefits that can arise during the personal-injury settlement
Here's an easy-to-understand overview of lawsuit structured settlements by attorney Robert W. Wood, one of the most widely published and recognized tax authorities in the United States. The article appeared in Forbes last year. Structured settlements can seem complicated to plaintiffs not familiar with legal and financial matters. This article lays out the basics in
In the following article attorney Robert W. Wood wrote an informative and detailed account of a recent IRS ruling involving wrongful life damages and wrongful birth damages. Mr. Wood practices law with Wood LLP (www.WoodLLP.com) and is the author of Taxation of Damage Awards and Settlement Payments and other books available at www.TaxInstitute.com. In this
Your client just received a large jury award or settlement. Your client is satisfied with the outcome and you will be compensated for often years of hard work and out-of-pocket expenses. You can collect your fee as a lump sum, but there is another option: structuring the fee so payments are delayed or spread out
