Your Personal Injury Settlement And Taxes

Most personal injury cases settle before going to trial. This is because when you accept a settlement from either the insurance company or the defense attorney and sign a release, your case is considered to be resolved. What happens once your case is resolved, though? You’d hope that you’ll receive your money quickly (minus your attorney’s contingency fee) so that you can get back to living your life. Unfortunately, it isn’t that easy because the government may be entitled to some of your settlement. Here Read More +

Why Your Injury Settlement Today Might Cause Medicare to Refuse Future Medical Payments

This may seem like a boring topic, but the short take-away is: If you have a significant injury that might require future medical treatments and you settle your injury case today, if you need future medical care as a result of that injury, Medicare may not pay for your future medical care when you’re over 65. Huh? Isn’t that what I spent my adult life paying into? Why wouldn’t Medicare take care of me medically when I need it? As Medicare costs increase, Congress has Read More +