Benefits and Best Practices in Pre-Settlement Lending in Personal Injury Cases
MECHANICS OF A PRE-SETTLEMENT LOAN Since a lawsuit itself is essentially the collateral to secure the finance company’s advances, the lending company will obtain information from the personal injury attorney concerning the case. They will follow these steps to offer the monies: Evaluation. The pre-settlement lending company evaluates the case and determines the likelihood of…
Tom Begley, Jr. Discusses Long Term Care Planning in the Huffington Post
In an article written by April Rudin in the Huffinton Post, The Begley Law Group’s Tom Begley, Jr. talks about the importance of working with an elder law attorney as well as ways to prepare for long term care. Read the entire story on The Huffinton Post: http://www.huffingtonpost.com/april-rudin/a-difficult-read-how-to-p_b_784138.html.
Taxation Of Confidentiality Agreements
The taxation of Confidentiality Agreements in personal injury settlements is becoming and increasing concern to plaintiffs and to personal injury lawyers. The issue arises out of a United States tax court case. This case involved an incident in which Dennis Rodman, a basketball player for the Chicago Bulls, during the course of a game against…
TRANSFER OF ASSETS TO DISABLED CHILDREN
The current federal Medicaid statute has been in effect since 1989.[1] Generally, the statute provides that if an individual makes an uncompensated transfer of resources, the value of those resources are divided by the average monthly cost of a nursing home and the resulting quotient is the number of months during which the applicant will…