It Takes Two to Protect Your Financial Future When Working With Couples
Studies show that almost half of the individuals in this country require long-term care at some point in their lives. In fact, many couples find themselves in a situation where one spouse requires nursing home care while the other spouse remains in the marital residence. With the cost of nursing homes now averaging approximately $9,500…
A Twofold Approach to Long Term Care Needs Is Recommended
Among the many misperceptions regarding Medicaid and long-term care planning is the myth that asset protection planning and long-term care insurance don’t work well together. Unfortunately, many individuals, including many professionals, believe these two planning options are mutually exclusive and that one negates the need for the other. In fact, a carefully planned and cost-effective…
PART TWO: PRE-SETTLEMENT LENDING IN PERSONAL INJURY CASES
MECHANICS OF THE 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 success….
PART ONE: PRE-SETTLEMENT LENDING IN PERSONAL INJURY CASES
There is an ever-growing cottage industry of investors ready, willing and able to make the equivalent of a loan to an individual who is the plaintiff in a personal injury case. These transactions, also known as pre-settlement lending, are a growing trend for those in need. In order to avoid usury statutes, these transactions are…