November 2014 4
Personal injury cases are commonly resolved with the use of settlements, which compensate the injured person for losses that they suffered as a result of the injury. Compensatory damages are generally paid for things like pain and suffering, lost wages, loss of ability to work, loss of consortium, and medical costs. There are a couple of different types of structured settlements which can pay out a few different ways.
Types of Structured Settlements
There are two main types of structured settlements. One is referred to as the assigned method, which means that the liability insurer that is financing the settlement gives the funds to an assignment company, which holds the settlement in an annuity and pay out to the recipient in increments at regular intervals.
The secon (more…)
One of the most common ways that personal injury cases are resolved is with the use of a structured settlement. The way that the structured settlement cash is paid out to the injured party through an annuity. What are annuities? Buying annuities is usually something people do to help manage their money in retirement, but in cases of structured settlements, they basically serve as a tax shelter for those funds and are a way to pay out the money to the injured.
If you really want to be rid of an annuity, the easiest thing you can do is surrender, cash it out, and pay the penalties and charges that come with it. How much (more…)
Losing your job, a family illness, divorce, and home repairs necessitated by an act of God such a tornado are just a few of the reasons that people may find themselves in debt. Once you start to accumulate debt, it may seem that your financial obligations quickly become overwhelming. When finances spiral out of control, it gets more and more difficult to regain control.
It can be difficult to ask for debt help because you are embarrassed to be in that situation. The truth is that many people will have a financial crisis at some point in their life. The prospect of losing a car or home is scary, no matter what the circumstances. Debt counseling could help.
At times like these, it can seem like a hopeless situation. There is hope, however, and there may be credit card debt relief options availab (more…)
Keeping up with employee payroll could be one of the most important tasks an employee has to handle during the workday. Payroll is the accumulation of every single employee in a business who receives a salary or a compensation of some sort. For small businesses, payrolls can be relatively easy to keep track of. However, once the business grows, so does the number of employees. It may be harder to find the time to keep up with payroll, and this is especially if different employees receive compensation for their services in different ways.
Payroll is more than just writing checks; deductions must be handled, as well. Standard deductions from the payments t (more…)
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