Daily Archives April 30, 2015

What is a Structured Settlement

What is a Structured Settlement

by: Amit Laufer

A Structured Settlement is an agreement between a personal injury victim ( a Plaintiff ) and an Insurance company ( the Defendant ) to compensate the Plaintiff by the defendant with long term periodic payments instead of a single cash lump sum.
Payments can be tailored to each individual plaintiffs needs, to help meet expenses such as on-going medical and living expenses, education, children needs & support etc’ The fixed annuity payments are tax-free to the claimant, a cost-of-living adjustment (COLA) feature is available, that can help offset the effects of inflation over time, payments can continue as long as the claimant lives thus providing him the maximum benefits.
Structured settlements are encouraged by plaintiffs lawyers, Courts, Insurance companies and the legislators alike as they all agree it is the best solution to all parties involved especially for the claimant.
The annuity can be transformed in part or in full to a cash lump sum via private funds and should be approved by the Court. The funds are most interested to make these deals as they are very profitable to them because they take the long term tax free payments and in exchange pay the annuity holder less than the face value but in cash.
These same funds are handling Lottery winners long term payments into one single lump sum as well as all kinds services of cash against future payments.
(c) Copyrights 2005 – http://annuity-structured-settlements.blogspot.com/

About The Author

Amit Laufer

Age: 46

Location: New York, United States

MBA – International Trade & Finance – Heriot-Watt University.

Bsc. Computers and Information Systems – Long Island University – C.W Post Campus.

Hobby: Photography

Married with two Children.

Editor of: http://annuity-struc...

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Intellectual Property Law

Intellectual Property Law

by: Joe Regan

Intellectual Property Law can be quite confusing at times. Copyrights, trademarks and patents all have a role in protecting your hard earned content and knowing their role is half the battle.
Intellectual property in itself refers to the creations of the mind, including such things as: artistic works, literary works, inventions, names, images, symbols, and designs used in commerce. In other words, the intellect that is the possession of an organization or an individual is considered intellectual property.
Intellectual property is divided into two categories, copyrights and industrial property.
Copyrights give the authors of an exclusive work, exclusive rights to that work for a limited amount of time. Copyrights cover such literary and artistic works as novels, poems, plays, films, songs and other musical works, artistic works (drawings, paintings, sculptures and photographs) and architectural designs. Copyrights, which must be renewed periodically, allow the creators of a piece of work, the opportunity to benefit from that piece of work.
Industrial property includes patents, trademarks, industrial designs and geographic indications of source.
Patents give the inventors of a new product, a certain (limited) amount of time in which he/she may prevent others from making, selling or using the invention without authorization.
A trademark is an intellectual property protection which is used to protect the distinctive features that distinguish one product from another. Those features can include such things as: symbols, colors, brands, names, sounds, smells, shapes, and signs.
Fortunately, Intellectual property laws benefit the creator of a property, by rewarding that creator for his/her innovation and creativity...

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Are you ready for Your Student’s Student Loans?

Are you ready for Your Student’s Student Loans?

by: Mike Yeager

Your son or daughter is a high school senior and your worried about the coming year, and more importantly, the coming student loans? College has become so important in your children’s future that parents have begun to plan for it at their child’s birth. But, not all of us, as new parents thought that far ahead or could afford too. So, now what? Student loans, whether they are federal loans or not, are options to considered, but to understand first.
Many students that enter college need financial aid. College financial aid provides for instruction as well as the costs of books. But, usually, it does not provide for living arrangements or meals. These are added expenses most of the time.
Federal financial aid or Federal student loans are very common choices for college. Federal financial aid are usually grants which do not have to be paid back. Federal loans are loans backed by the government and do have to be paid back but with a low interest rate. These loans usually have ten years to be paid back. These loans are usually referred to as direct student loans as they are paid directly to the higher learning establishment.
Finding the right student loans for your child can seem a bit overwhelming. It can become worrisome if you do not get the information you are looking for. So, what can you do to prepare for your student’s expenses? First, once the school has been chosen, make an effort to go to or contact the school’s financial aid offices. These people can help you one on one and evaluate your needs. They job is to provide you with information about funding your child education. Of course, they want your child to attend their school, so they will offer you ever bit of advice you need...

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The legal fiction of common law marriage

The legal fiction of common law marriage

by: Johnette Duff

During a radio-talk show appearance, a caller told me about his unfortunate brush with the legal fiction of common-law marriage. He had been living with a woman for several weeks when he came home one evening to find the woman, his TV and assorted other property missing. He called the police, who mistakenly informed him that the woman was his common-law wife and so they couldn’t help him.
What qualifies as a common-law marriage? Take your pick:

Leaving too many clothes at your girlfriend’s house?
Living together six months
Living together seven years?

Chances are you picked the third answer, but all three response are equally wrong. A common misconception is that the length of cohabitation creates common-law status. This is not true.
Three elements are necessary and none relate to a time-frame. A couple must

Live together
Agree between themselves to be marriage
Represent themselves as married (also called “holding-out.”)

The agreement in the second element does not have to be written; it can be implied by the behavior of the parties. Signing leases as husband and wife or filing joint income tax returns are examples of the proof used to imply a common-law marriage.
In the example above, the police, as are most people, were woefully misinformed.
Alabama, Colorado, Georgia, Idaho, Iowa, Kansas, Montana, New Hampshire, Oklahoma, Rhode Island, South Carolina, Texas, Utah and D.C. recognize common-law marriages. Ohio repealed its recognition in 1992. Pennsylvania has just now abolished it. Other states may recognize an informal marriage if it was originally contracted within one of these states.
In the past, common-law marriage was often seen on the lower socio-economic rungs of the ladder...

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What To Do When Claims For Supplemental Security I

What To Do When Claims For Supplemental Security Income Are Disapproved?

by: Jinky C. Mesias

The supplemental security income is one benefit that can be considered as pro-poor benefit. But like any other Social Security Benefits, there are some requirements needed in order to qualify for the supplemental security income and these are as follows: a) must be living in the United States or the Northern Mariana Islands, b) must be a citizen of United States or is legally living in the United States, c) must be age 65 or above doesn’t matter if blind or disabled and must meet the required base level of income.
The required base level of income for supplemental security income depends on whether or not the recipient works. Another big factor is the state where the recipient lives since there are states that offer a much higher supplemental security income as well as higher income limits than the provided national standard. The basic asset test for individuals is $2000 and $3000 for married couples. Nevertheless, not all properties owned are included in the basic asset test in fact the primary residence as well as most personal belongings are exempted.
When filing for supplemental security income one should not expect that the processing of the claim would be quick since supplemental security income is also one of the benefits that really takes quite a long time to process and always ends up in disapproval of applications.
The fact is, it’s never been easy having a claim approved by the Social Security and agreeing with everything the Social Security Administration decides on, especially in terms of the benefits to be given to its members is another thing.
The Social Security Administration usually delivers bad news through written notices containing the decision regarding...

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