When negotiating a taxable settlement, it’s crucial to consider the tax implications of the damages awarded. A fully taxable settlement significantly reduces the claimant’s net recovery compared to settlements that are tax-deferred, partially taxable, or tax-exempt.
Integrated Financial Settlements Reaffirms Commitment to Data Security with Renewed Attestations
Consultants are often called into cases that involve a person who has become disabled because of their illness or injury.
When an attorney is contemplating a settlement for their client, one of the most critical aspects of the settlement is economic sufficiency, particularly in catastrophic and wrongful death cases.
Depending on what report you read, the Social Security Trust Fund (the "Fund") is fine and expected to pay full benefits until 2096, bolstered by improved economics in the Fund and a reduced number of applicants.
As settlement consultants we often deal with income tested benefits, most often Medicaid and Supplemental Security Income (SSI).
We often read about lottery winners who win a gigantic sum of money and lose it all, such as the recently updated article by Business Insider and last year’s New York Post article.
As settlement consultants we often deal with income tested benefits, most often Medicaid and Supplemental Security Income (SSI).
This year Tennessee amended its law governing minors’ settlements (Tenn. Code Ann. § 29-34-105) to waive court approval.
According to a recent study published by US News & World Report, college tuition, and fees have risen significantly at all levels.