Sentences with phrase «structure of personal injury settlements»

The structure of personal injury settlements and what to do with them after closing is a complicated topic and one which our firm tackles on a case by case basis with the assistance of accountants and other financial advisors.

Not exact matches

A paralegal at a New York personal injury firm was having trouble keeping up with his work, which involved sales of structured settlements.

Given the importance of these decisions, a plaintiff and her family are best served when the personal injury attorney, the special needs planning attorney and the structured settlement professional work together to develop a tailored solution.

But none of the creative solutions used by plaintiff personal injury lawyers could be guaranteed to work: many were subject to approval by ODSP, and there was always the possibility that benefits could be cut - off in future if ODSP decided down the road that it did not did not agree with the way a settlement or award was structured.

While a majority of personal injury settlements are paid in a lump sum, a structured settlement is a legal settlement paid out as an annuity — over time — rather than in a lump sum.

«The blog focuses primarily on issues surrounding structured settlements and their applications in the resolution of personal injury litigation.»

structured settlement brokers on the apportionment of personal injury awards and the use of special needs trusts in conjunction with structured settlements;

[The ONCA sets out a helpful description of structured settlements: «A structured settlement is created when some or all of a personal injury settlement is deposited with a life insurance company in exchange for guaranteed tax - free payments for a specific number of years or for the recipient's lifetime.

In pay is also referred to as structured settlement (SS) annuity payment, which means a personal injury tort is resolved by receiving all or part of a settlement in periodic payments.

The key was that the annuity arose from a structured settlement, which is created when some or all of a personal injury settlement is deposited with a life insurance company in exchange for guaranteed, tax - free payments for the recipient's lifetime, or for a specific number of years.

By Lisa Gelman The Ontario Court of Appeal has clarified whether a structured settlement obtained in a personal injury case is considered property or income... Read more