On the Internet
If you are involved
in a settlement of physical injury or lost life case, apart from the monetary compensation
for your losses, the planning of such proceeds is very crucial. During the settlement
process, you might hear various terms like structured settlement, annuities, tax-free/deferred
payment, internal revenue code 104, 130, 468B, 5891, MSA, etc. Before signing a
settlement agreement, it is important that you educate yourself with some of the
jargons used in settlement planning industry.
To the best of our ability, we have tried here to provide you with our understanding of the terms and other reference material available on the internet. We highly recommend that you seek advice of your professional financial, tax and legal counsel before making any decision around your settlement and/or financial planning.
Medicaid
Internal Revenue Codes
Annuity Providers
Trade Associations relating to Settlement Planning Industry
|