settlementfundingassocnj - Tumblr blog

[settlementfundingassocnj]

Facts About Personal Injury Structured Settlement In Roseland And Hackensack, NJ

Sustaining a personal injury in an accident is traumatic for the victim and the family members. Not only is physical well-being affected, but such an incident also causes mental shock and trauma. The person who is held liable must pay compensation according to the law. Sadly, many such cases end up in litigation, and the injured party has to wait for the court's judgment. ​ Thankfully, an open and shut case will likely result in victory for the injured party. Paying the victim will be ordered by the court as well. One can select the payment type by opting for a single lump sum payment or go for a personal injury structured settlement in Roseland and Hackensack, NJ. It is natural to be concerned about receiving the right compensation. A structured settlement can be beneficial in the long run as the entire sum is paid in installments over a period. The court may order the liable party to pay the concerned individual for a lifetime or a specified period. While there is no set period to consider, most settlements are created to stretch for at least five years. Who bears the costs? The next question that comes to mind is the party providing the funds. Well, it suffices to know that such funding is provided by reputed insurance companies operating across the country. It is essential to know that the injured party or the dependents are not required to pay the insurance carrier. Instead, the liable party has to buy the insurance plan so that the right amount is paid to the concerned party according to the settlement's provisions. Mode of payments · Life with Period Certain Annuity –This plan provides an equal sum to the injured party for a lifetime or a guaranteed period. · Period Certain Annuity – The sum remains the same for the guaranteed period · Guaranteed Lump Sum Payment – The sum is transferred to the concerned party at a specific date every month · Joint and Survivor Annuity – The money is paid to the injured party and the spouse for a lifetime. The amount continues to be paid to the survivor until the compensation is paid in full. · Temporary Life Annuity – Payment is made to the injured party as long as the person is alive. The payments may cease after specific years, as included in the settlement document. Advantages of opting for a structured settlement · Personal injury structured settlement in Roseland and Hackensack, NJ, is tax-free per the U.S. Tax Code. · Payments are ensured for a period, thus enabling the individual to live within the means · The payments may be customized to suit specific purposes · The state insurance laws guarantee that the obligations of the liable party will be covered according to the regulations · The lump sum payment may also be combined with the structured settlement sum to cover sudden & urgent expenses if required Opting for a structured settlement may seem the right thing to do, but it is advisable to take legal advice before taking the final call.

[settlementfundingassocnj]

Settlement Funding Associates has been a trusted name in the Structured Settlement industry and earned a reputation for excellent service with attention to detail, quality, and efficiency.

[settlementfundingassocnj]

How To Ensure Tax Free Future Payments In Fort Lee And Cherry Hill, NJ?

The judge may award a plaintiff a specific sum of money as the settlement. While the defendant may provide it as a lump sum, the judge may ask the defendant to give it in the form of a structured settlement. There is a reason behind such a structure, however. Such a move helps the plaintiff to obtain steady and regular tax-free future payments in Fort Lee and Cherry Hill, NJ. Both parties are usually happy after such an arrangement is made. It suffices to learn more about the process to understand the associated pros and cons. Some of the questions that bother the plaintiff, who is usually ignorant about payment and settlement procedures, are likely to include the following:- Structured Payment: What is it? It can be described as an alternative to a lump sum payment that the court awards after the conclusion of a lawsuit that upholds a claim. The plaintiff is eligible to receive a series of payments instead of accepting the entire sum at a time. The recipient is pleased to be paid regularly until the sum is paid in full. This enables them to afford small payments to maintain their lifestyle as well. The procedure of obtaining a structured settlement begins only when the defendant and plaintiff agree to the payment type. Such agreements can only be made after the case has been settled satisfactorily by a court. There are no rules about the request for paying the sum regularly in a series of small amounts. Either party can make such a request, but it would have to be submitted t the court for approval. The first payment can be initiated after the judgment is signed by the authorities. Rules of Structured Settlement Payments Both the plaintiff and defendant must agree to the following by specifying the following terms:- · Payment time (A range of dates are provided, such as 1st to 15th. The payment should reach the plaintiff within the said time.) · Type of payment- Cash is not usually paid but the plaintiff can choose to receive the payment by bank transfer or check) · Period of payments- The first date and last must be included in the agreement The defendant will arrange to pay the plaintiff according to the terms or may purchase an annuity plan from an insurance company that will take on the responsibility of making regular payments according to the terms that had been agreed upon. Cases being awarded Structured Settlement While such periodic payment can be agreed upon by both parties, it is usually awarded by the court to pay damages to the claimant after successful judgment. Some of the most common cases where structured settlement is considered to be appropriate for the plaintiff are:- · Personal Injury · Medical Negligence or malpractice · Workers Compensation · Discrimination · Injury during vaccination · Group abuse and/or molestation · Wrongful death Apart from receiving tax free future payments in Fort Lee and Cherry Hill, NJ, the plaintiff may be offered a guaranteed income for life depending on the sum and severity of damages.

[settlementfundingassocnj]

Settlement Funding Associates offers comprehensive professional services at no cost. Know about Structured Settlements, Attorney Fee Structures, Non-Qualified Structures, Life Insurance, and many more!

[settlementfundingassocnj]

Benefits of Hiring a PAJ Attorney in Fort Lee and Roseland, NJ

Finding the right lawyer is essential to winning a lawsuit, irrespective of being a defendant or a plaintiff. Sure, multiple layers are available at any time within an area. One needs to be convinced about the expertise before promising to pay a huge sum as legal fees. It is indeed difficult to understand the prowess of an established legal professional. Believing in self-promotional statements is not the best way to decide, though. One of the most effective ways to obtain proper assistance is to consider employing a PAJ attorney in Fort Lee and Roseland, NJ.

The concerned person is definitely to be puzzled by the term. It helps to know that such attorneys are a bonafide member of the Pennsylvania Association for Justice." This happens to be a top-notch organization of trial lawyers, with its members being dedicated to upholding the value of law and providing excellent legal service to their clients.

The association has been providing timely assistance to all the trial lawyers that happen to be its members and represent varied clients from all walks of life. Such lawyers have been decidedly successful in fighting for their client's rights, even when it meant countering the arguments of big players in the form of huge corporations, insurance companies, and multinational companies.

The trial lawyer hired to defend a client is required to conduct extensive research before formulating effective strategies. Most of them need to confer with other lawyers, preferably experts in the particular field. The PAJ helps them every step of the way, thus ensuring success.

An individual in dire need of a quality trial attorney can take heart from the fact that all PAJ lawyers are privy to multiple resources that will help them to prepare a case. Moreover, the association will provide the following to each of its members without exception:-

Education- Comprehensive educational programs are conducted by the PAJ periodically. This enables its members to learn the tricks and tips related to trials from experts in this field. The latest developments in the legal arena are conveyed to the members via live seminars. Lawyers living far away from the location may opt for distance education to remain updated about the legal developments in the state and federal levels. PAJ's endeavors are in keeping with the Supreme Court's direction on ethics-related education as well.

Advocacy for Client protection- A team of PAJ members is associated with voicing the legal problems of the public by advocating the rights to the legislature effectively. Such a move can positively impact the citizens, with jury members agreeing with the defendant's point of view often.

The final judgment may result in offering the right compensation to the plaintiff as a structured settlement. Victims of personal injury, auto accidents, and medical malpractice have the right to be paid for their suffering and obtain reimbursement for the associated expenses. It is essential for the plaintiff to obtain proper legal assistance here for negotiation and deciding on the structured settlement terms. The best way to ensure that will be to contact a PAJ attorney in Fort Lee and Roseland, NJ.

[settlementfundingassocnj]

Settlement Funding Associates has been a trusted name in the Structured Settlement industry and earned a reputation for excellent service with attention to detail, quality, and efficiency.

[settlementfundingassocnj]

Need For Hiring a PAJ Attorney in Cherry Hill and Fort Lee, NJ

An accident or willful wrongdoing can result in grievous injury or death of an individual(s). Natural disasters may wreak havoc on one's property many a time too. All these and more may result in a legal battle played out in court. The plaintiff may be asked to be paid a certain sum as retribution or compensation. Such claim settlement in Jersey City and Cherry Hill, NJ, is almost always done via an insurance company, with the specified amount being paid either as a lump sum or as a structured settlement that is distributed and made periodically for a specific duration. ​ Apart from valid insurance claims, the settlement claim for a personal injury, medical negligence, or workers' compensation needs meticulous planning. However, one should not hire a lawyer right away. Instead, it would be best to follow the below-mentioned tips to get one's dues. Amount- It is most important to share information about the unfortunate incident by including everything in the form of an official letter. One should assess the amount of suffering that the victim has gone through, including physical injury and mental suffering, plus the assorted expenses for treatment and therapy. Calculating the minimum sum would be helpful, and one needs to keep the sum in mind before discussing it with the insurance adjuster. The figure is not sacrosanct, however. It should be open for negotiation, with the final settlement being agreed upon by all parties. Negotiation- The insurance adjuster will offer a low figure that should not be accepted at any cost. Counter offers are bound to follow with each party providing some reason behind the offers and acceptance/denial. It is essential to bargain realistically and accept a reasonable offer that should be settled without delay. Response- One should wait for the acceptance period to receive a response after the final sum is finalized. Many insurance carriers try to prolong the negotiations by making a new offer once again. It would be foolhardy to fall into such a trap. It is best to stick to the last sum agreed upon and communicate the same in writing. Trying to settle a claim is not always easy, especially when one is not equipped with the right skills. It may become essential to hire an experienced attorney or a public adjuster to obtain assistance with the negotiations too. Having a legal representative is likely to be vital when the plaintiff faces any of the following circumstances: · The sum demanded by the claimant is enormous and more than a few thousand dollars · The sum includes medical expenses to be made in the future and loss of wages · The at-fault individual is not established beyond doubt by the court An individual looking for a claim settlement may approach a PAJ attorney in Cherry Hill and Fort Lee, NJ, to get the due amount at the earliest and manage it properly without losing too much of it to taxation.

[settlementfundingassocnj]

Settlement Funding Associates, Inc. has many years of experience developing customized structured settlement plans for every type of claim. We provide structured settlement payments, claim settlement, worker's compensation, and more!

[settlementfundingassocnj]

Facts About Medical Malpractice Structured Settlement in Cherry Hill and Jersey City, NJ

Claiming one's rightful compensation is not always easy. It will not help if the individual in dire requirements chooses to give in to the wrongdoing. Fortunately, many legal professionals try their best to ensure justice for unfortunate people. Receiving the compensation after successfully negotiating with the insurance company or winning the legal suit successfully definitely calls for some celebration. ​ Learning how the required compensation will be provided to the claimant is essential. Sometimes, the plaintiff will be asked to follow the procedure of worker's compensation or medical malpractice structured settlement in Cherry Hill and Jersey City, NJ, as applicable. This is an alternative solution for paying the dues. It works for both parties, with the plaintiff being relieved to know that the entire amount does not need to be paid as a lump sum. On the other hand, the defendant can plan the future correctly and not give in to the temptation of spending a considerable sum in one go. It is customary for both the plaintiff and defendant to work closely with a consultant to settle the amount. The calculation would be based on the suffering experienced by the plaintiff as well as the needs. The total amount would be used to buy an annuity policy from a reputed insurance company. The money is managed by the insurance company, with the defendant having no say in its investment or payment after that. The said carrier will safeguard it instead by keeping it separate from market fluctuations, recessions, and other financial problems usually associated with investment markets. The plaintiff does not have any responsibility, either. Instead, a fixed sum as decided earlier is sent to the person without exception for the specified period. One must have a clear idea about the process before filing a medical malpractice suit, however. It suffices to know that the ability to prove gross negligence causing harm to the patient is essential to have the case debated legally. A neutral doctor must be able to confirm its veracity as well. A valid medical malpractice case usually involves misdiagnosis or following a faulty treatment plan. Moreover, the following occurrences may also be regarded as medical negligence/malpractice that warrants compensation when proved in a court of law. · Surgical procedures that were not needed · Erroneous surgeries · Premature discharge from the hospital/facility without proper recovery · Failure to heed patient's medical history · Inability to diagnose the condition · Incorrect medication and improper dosage · Mistake in deciphering laboratory reports Birth injuries, physical injuries, and faulty treatment in minors may cause the judge to rule in favor of the plaintiff too. The court usually advises structured settlement for such patients as the money will be used for the minor's upkeep and treatment. Structured settlement payments in Hackensack and Cherry Hill, NJ, come with multiple advantages. Such a type of periodic payment is preferred by individuals who are hopeless at money management. The amount can be adjusted or customized according to the plaintiff's need.

[settlementfundingassocnj]

Settlement Funding Associates has delivered innovative Structured Settlement solutions that meet our client's immediate needs and future financial goals.

[settlementfundingassocnj]

How To Ensure Claim Settlement in Roseland and Hackensack, NJ

Losing a loved one in an accident or criminal activity can be a devastating experience with horrific consequences on one's mind. Unfortunately, life has to go on, and the family members who have been left behind have to reconcile with the tragedy and move forward. It is customary for the surviving family members to obtain financial respite after a wrongful death claim has been proved irrevocably in a court of law. Sure, one cannot compensate for death, but the finances can help make life easier for many survivors’ dependent on the deceased person.

The specified amount of money can be provided as a lump sum or in the form of wrongful death structured settlements in Jersey City and Hackensack, NJ. A majority of the recipients are unaware of the significance of structured settlements and tend to ask about their nature and benefits.

It helps to know that the structured settlements are made in the form of regular installments that are provided at specific intervals, such as an annuity or monthly compensation. The recipient's desire is all-important here, with many of them choosing to be paid regularly instead of being handed over the entire sum at one go.

Process of structured settlement

The method of paying out the compensation over a period is popular in cases involving high compensation as a wrongful death settlement. The purpose of making such an arrangement is to offer the survivors long-term financial assistance, although this is not mandatory. It is important to note that NJ follows the "Structured Settlement Protection Act" that regulates the payment process. The payee may choose to seek legal counsel to avoid paying the settlement. A wrongful death claim, once established, cannot be avoided totally.

Advantages of structured settlements

Cost of Living- The day-to-day expenses of retaining the previous lifestyle can be ensured by obtaining a structured settlement. A financial professional can adjust the installments according to one's need, with inflation factoring in too.

Money Management- A person who receives the payment may not be too finance savvy and is likely to make bad decisions, wiping out the amount speedily. A structured settlement is a protection mechanism that pays for the essential expenses without providing enough to make bad decisions. The concerned individual can supplement the regular income with the settlement and refrain from making poor investments.

Minimum Taxation- One is not burdened by tax when making use of such a settlement. Sure, there are a few exceptions, especially when a part of the sum is utilized to make profits, but most of the money is provided to the individual without tax cuts.

Market Conditions- The financial market is known to fluctuate almost daily. Thankfully, the structured settlements are not affected by a wavering market, with the recipient being assured of the specified amount despite all odds.

It helps to connect with a professional to find the best way to receive the money after claim settlement in Roseland and Hackensack, NJ.

[settlementfundingassocnj]

Settlement Funding Associates provide Tax-Free Future Payments, Non-Qualified Annuity, Claim Settlement, Attorney Fee Structured Settlements, Workers Compensation, and more throughout Jersey City, Cherry Hill, Hackensack, Fort Lee, Roseland, NJ, and the surrounding areas.

[settlementfundingassocnj]

Settlement Funding Associates has been a trusted name in the industry and has earned a reputation for excellent service with attention to detail, quality, and efficiency. Get in touch with us today.

[settlementfundingassocnj]

Facts About Structured Settlements in Cherry Hill and Hackensack, NJ

A recipient of an annuity payment from a life insurance company can opt for structured settlements in Cherry Hill and Hackensack, NJ, instead of asking for a lump sum. The total sum can be stretched for as long as five years or over a lifetime as deemed correct by the authorities. Apart from claiming the rights after surrender or maturity of an insurance policy, a structured settlement may also be made or paying compensation for wrongful death or illegality. ​ Such payments are usually tax-free, but a tax may be applicable if the recipient utilizes the sum to build wealth. The extra amount obtained as interest, investment, or capital gain becomes taxable per the law. A structured settlement has gained much popularity among insurance companies, plaintiffs, and dependents as an acceptable mode of payment. On the other hand, the recipient receives a guaranteed sum of money that is paid at regular intervals. This is an excellent opportunity for individuals who are not known for money management skills. This type of settlement is governed by the annuity agreed upon by both parties. The common types of structured settlements annuity usually include the following: Period Certain- Equal payments are provided to the plaintiff for a guaranteed period that may stretch to a lifetime. Guaranteed Lump Sum- The payment is made on a specified date Joint/Survivor Annuity- The sum is paid for the entire life of a dependent of the deceased person, including the spouse. 100% of the money is paid to the survivor. Temporary Annuity- The sum is paid to the plaintiff for a specified number of years, with the annuity discontinued after the individual's death. A structured settlement works perfectly for many individuals and is favored when seeking compensation on legal grounds. Personal injury, medical negligence, and accidental death cases tend to be settled far more rapidly by the court too. The recipient or plaintiff finds the prospect of getting a lifelong income attractive for the following associated advantages: Need-Based- The settlement can be made after calculating the living costs of the concerned individual/family. The inflation will also be considered before determining the sum to be paid periodically. Money Management- With regular payments being guaranteed, the possibility of making a bad investment or squandering money is sharply restricted. There is no possibility of getting into debt either. The due amount is managed by the authorities with almost no control left to the individual. Low Taxation- A majority of the settlement money is non-taxable. While the gains may be taxed at the usual rates, the total taxable amount is almost negligible, making this type of annuity quite desirable. Not dependent on the market- The settlement amount is guaranteed with no ups and downs being noted with the change in the financial market. Future planning is thus easier as there will be no depletion of funds during bad times and no increase in payment amount during good market conditions either. Many employers also opt for workers compensation structured settlements in Jersey City and Cherry Hill, NJ to avoid huge expenses at one go.

[settlementfundingassocnj]

What Is Structured Settlement Annuity in Cherry Hill and Fort Lee, NJ?

Unnatural death is sure to raise suspicion among all concerned. Many family members of a deceased individual blame the premature demise on the employer or a person responsible for the accident or abuse. Well, the surviving dependents in the family deserve some sort of compensation for their loss. This is the primary reason for contemplating filing a lawsuit against the offender. The compensation may be paid to the family provided their appointed lawyer can win on their behalf. The concerned amount can help the family pay the funeral costs, settle the pending dues, and retrieve a bit of the lost wages. While most such grieving families accept a lump sum or one-time payment, others claim it in the form of wrongful death structured settlements in Cherry Hill and Fort Lee, NJ. ​ It is best to learn about wrongful deaths and the process of arriving at a settlement or filing a lawsuit to obtain due compensation. It helps one to learn that: A wrongful death occurs when an otherwise healthy individual is killed intentionally or succumbs due to negligent action of another person or team. The victim’s family, especially the dependants, finds respite in the form of monetary compensation that can help them pay off their dues and bear with the pain after losing a loved one. The repayment may be disbursed as a structured settlement or be paid as a lump sum for one time. The former type of repayment is believed to be an effective financial tool that provides the survivors with a steady income for a specified period. Structured settlement payout Sure, a lump sum payment comes in handy to pay off enormous debts and settle the pending medical expenses and funeral costs. A structured settlement is beneficial for receiving a continuous income that helps to pay for continuing costs such as educational fees, living expenses, and repaying a mortgage loan. Depending on several factors, the payout is disbursed once a month or once a year. There are advantages to both types of payouts, and the final decision needs to be made by the family of the deceased family. Some of the unique pluses that make people opt for the structured payouts include: Flexibility- Investing is impossible when the money comes in at regular intervals. A settlement broker is definite to formulate an annuity so that there is no shortage of funds when one has to meet the financial needs of the family. The loss of regular wages is not felt keenly once the annuity is in force. Money Management- This type of payout is perfect for individuals who tend to mismanage their finances. The limited sum received as an annuity is sure to be spent on the essentials with very few chances of overspending. Moreover, one may also focus on making regular savings with the annuity received, thus building a fund that will be available for emergencies. A reputed broker would be able to provide a lifetime or periodic income for the client with the help of a structured settlement annuity in Cherry Hill and Fort Lee, NJ

[settlementfundingassocnj]

As one of the original founders in the Structured Settlement industry, Settlement Funding Associates has delivered innovative Structured Settlement solutions that meet both the immediate needs of the clients as well as their future financial goals.