‏إظهار الرسائل ذات التسميات Annuity. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات Annuity. إظهار كافة الرسائل
on الأحد، 26 فبراير 2023

 

Asbestos is a naturally occurring mineral fiber that was once widely used in many industries, including construction, shipbuilding, and manufacturing. When asbestos fibers are inhaled, they can become lodged in the lungs and other parts of the body, causing damage over time. Exposure to asbestos has been linked to a number of serious health problems, including lung cancer, mesothelioma (a rare cancer of the lining of the lungs and other organs), and other respiratory diseases.

While not all people who are exposed to asbestos will develop health problems, repeated exposure over time can increase the risk of developing asbestos-related diseases. It's important to take precautions to avoid exposure to asbestos, such as wearing protective gear and following safety guidelines in workplaces where asbestos may be present. If you have concerns about exposure to asbestos, you should speak with a medical professional.

 

Mesothelioma lawyers are legal professionals who specialize in representing clients who have been diagnosed with mesothelioma, a rare and aggressive cancer caused by exposure to asbestos. These lawyers have expertise in the laws and regulations surrounding asbestos exposure and can help clients navigate the legal system to seek compensation for their illness.

Mesothelioma lawyers may work on a contingency fee basis, meaning they only receive payment if their client wins a settlement or award. They can help clients identify the sources of their asbestos exposure, such as their workplace, and gather evidence to support their case. Mesothelioma lawyers may also work with medical experts to help prove that the client's illness was caused by asbestos exposure.

If you or a loved one has been diagnosed with mesothelioma and believe it was caused by asbestos exposure, it's important to speak with a mesothelioma lawyer as soon as possible to understand your legal options. A mesothelioma lawyer can help you determine whether you have a case and guide you through the process of seeking compensation for your illness.


Choosing lawyers have tumor


If you or a loved one has been diagnosed with a tumor and you are looking for a lawyer, it's important to find an attorney who has experience and expertise in handling cases related to your specific type of tumor. For example, if your tumor is related to exposure to a particular chemical or substance, you may want to find a lawyer who specializes in toxic torts. Alternatively, if your tumor is related to medical malpractice, you may want to find a lawyer who specializes in medical malpractice cases.

When choosing a lawyer, it's also important to consider factors such as the lawyer's reputation, track record, and communication skills. You may want to read reviews and testimonials from other clients, and schedule a consultation with the lawyer to ask questions and learn more about their approach to handling cases.

It's important to remember that choosing a lawyer is a personal decision, and you should feel comfortable and confident in your choice. It's also important to seek medical treatment for your tumor and prioritize your health and well-being throughout the legal process.

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on الثلاثاء، 4 مارس 2014

Structured settlements are used for a variety of reasons. The most common is to provide financial compensation over an extended period of time. This could include monetary awards that stem from lawsuits or to payout lottery jackpot winnings.

Structured settlements are commonly used to compensate victims of serious automobile accidents or injuries sustained in the workplace or caused by the negligence of another such as medical malpractice.

When monetary awards are provided through structured settlements, recipients of the funds are referred to as the Annuitant. Payments are guaranteed through an annuity held by a life insurance company and can be paid monthly, quarterly, semi-annually, or annually.

Insurance companies invest annuities to increase Annuitants' financial portfolios. Annuity payments provided to compensate injury awards are tax-free. Annuities provided as lottery winnings may be subjected to state and federal taxation.

Considerable flexibility exists when establishing structured settlements. Payments can be arranged to meet the Annuitant's financial needs. If Annuitants require special medical procedures, structured settlements can be arranged to pay additional funds to cover expenses.
Or, if Annuitants will retire within five years, but receives annuity payments for life, structured settlements can be established to provide additional funds at retirement. Once structured settlements are in place terms cannot be changed without court authorization.
The duration of structured settlements is determined through the courts or representing lawyers. Medical injury compensation is often settled out of court. Lottery winnings compensation is regulated by state lottery boards.

Structured settlement annuities might be paid for a predetermined time period or for life. However, "life" may actually refer to a specific number of years based on life expectancy of Annuitants.

When Annuitants are compensated for a specific period of time, payments are referred to as 'period certain annuities.' If Annuitants die before structured settlements are paid in full, remaining payments can be assigned to a beneficiary.

Annuities paid for life are referred to as life annuity structured settlements. Also known as 'period certain', life annuity settlements allow Annuitants to designate a beneficiary who receives remaining payments in the event of death.

A less common structured settlement is known as 'lump sum' annuities. This type of structured settlement provides a lump sum payment in the future and is well-suited for settlements involving minor children. The settlement can be structured as a 'lump sum' which allows transfer of annuity payments to a beneficiary, or as 'life contingent lump sum' which does not allow assignment of beneficiaries.

Two additional structured settlements include 'life annuities' which pay annuities for life, and 'temporary life annuities' which pay consistently for a specific number of years. With life annuities, Annuitants can elect 'life only' which offers no provision for assignment of beneficiaries, or 'joint survivor' which pays one beneficiary for the remainder of their life. Temporary life annuities end when Annuitants die and do not allow assignment of beneficiaries.

As you can see, there are many ways to use structured settlements. If you are entitled to monetary compensation due to injury or for lottery winnings, consult with a lawyer to determine which method provides maximum funds and minimal tax consequences.

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Structured settlement annuities are complex products, paid out to injured parties in lieu of one large lump sum. They are unique in that the the payee never owns the annuity; the defendant's insurance company does. In the case of a catastrophe like ELNY, the payee's ability to continue receiving payments is determined by the type of annuity the insurance company has purchased. The case study below illustrates the many variables involved.


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 What is a Structured Settlement Annuity ?

If you ever watch any TV, you’ve likely seen a commercial advertising something to the effect of: “It’s your money and I’ll help you get it now!” These commercials are advertising structured settlement buyouts to people who were awarded structured settlement annuities to get more money in their pocket instead of waiting for periodic payments.

Structured Settlement Annuities

A structured settlement annuity tax free way of providing money to a victim who was injured in an accident and is no longer able to work. These are usually awarded to settle a case out of court. Instead of paying all of the damage is the case at once, the annuity is purchased to allow periodic payments for a predetermined amount of time to help support the victim through the recovery process.
If you’re injured in a car accident and no longer able to work, you can sue the driver who caused the accident. Rather than suing the driver, you’re actually suing the insurance company who provides his or her liability insurance.
  • The driver’s auto insurance company purchases an annuity for the amount you settle for, from a life insurance company.
  • The insurance company owns the annuity and names you as the annuitant, or the beneficiary of the annuity.
  • The annuity gives you payments as per the agreement. Sometimes the annuity will have cost of living increases built in, to help the money continue to provide support for years to come.

What are the Features of a Structured Settlement Annuity?

Structured settlement annuities are tax-free income disbursements.These annuities are funded by large, well-financially backed insurance companies, so the recipient typically does not have to worry about what will happen to the settlement if the company who funds it goes out of business.
Structured settlement agreements must be approved by the court to protect the plaintiff. Features will vary depending on the insurance company that buys the annuity, and where they buy it from. Some of them will offer a lump sum payment in conjunction with periodic payments, while others will offer periodic payments that increase or decrease over time.

Lump Sum vs. Periodic Payments

Lump sum means you’ll get a percentage of your settlement on a certain date. Periodic payments mean you will get a certain amount of money every month for a certain number of years (sometimes for life) as per the annuity agreement.

Can I have a lump sum and periodic payments?

Yes, some annuities do allow for this. The lump sum is given at the beginning to help you with legal fees and medical bills, while the periodic payments are intended to support you while you cannot work.
If you have any questions or concerns about structured settlement annuities, talk to an experienced lawyer in your area. If you already have one and are interested in selling all or part of your remaining payments for a lump sum of cash, then you will still need to talk to a lawyer, because all transfers of annuities must be approved by the court.
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