When a car accident has left you on shaky financial ground, you might need every penny of the compensation you are owed. An important aspect of your case is the amount you end up with after taxes. Read on for a better idea of what to expect when tax time rolls around and you are the recipient of a personal injury settlement or judgment.
Accident Damages
If you have received money as a result of an accident, consult with a tax attorney for a full understanding of your tax obligations.
- Children under the age of 18 have certain protections under the law. When a biological parent is not available or is unable to parent the child, a guardian may be appointed by a family court judge. Taking on guardianship can mean having the same legal rights as a biological parent and can be a big responsibility. Read on to find out more about what it means to become a guardian.
- The right wording in a demand letter, after any type of injury, can go a long way toward getting you a settlement. When you hire a personal injury attorney, he or she will assist you in writing this letter, but much of it will be up to you — given that you're the person who the accident and injury have directly affected. You may experience all sorts of emotions when you write the letter, which is perfectly normal because you'll be required to think about the injury in detail.
- One of the first things that you need to do when you're the executor for the estate of someone who has passed away is to get your hands on a copy of the person's will. Sometimes, you'll already have a copy of it. In other cases, you may need to retrieve it from the individual's attorney. While there will be a lot of tasks for you to oversee in the very near future, having your estate planning lawyer assess the validity of the will should be a priority on your to-do list.
- If your business is expanding and you are considering forming a corporation, you obviously have a long list of things you need to go over to make sure the transition is smooth from your current sole proprietorship or partnership. One of the best things you can do for yourself and your company in this situation though would be to hire a corporate lawyer to help you with said transition and the days that follow.