Way back my Northwestern Mutual general agent, Gerald N. Gilberg used to say that “you can’t sell what you don’t own”, the rationale being that it’s easier to ask for the premium on $1,000,000 of life insurance* if you own…
Do limited options for lottery winners increase the likelihood of dissipation? The choice is simply cash or annuity and many just take the cash. Some end up with nothing even though they started their post winning life with more than…
A prominent settlement industry website states “Section 104(a)(2) of the Internal Revenue Code clarifies that the full amount of the structured settlement payments is tax-free to the victim. (By contrast, the investment earnings on a lump sum payment are usually…