This tax exemption applies whether you settle or win at trial. However, many settlement types are taxable, including emotional distress settlements without physical injury origins; employment discrimination, wrongful termination, or harassment claims; defamation or reputation damage settlements; breach of contract claims; and lost wages unrelated to physical injuries.  Punitive damages always face taxation regardless of […]

However, settlements for non-physical injuries face taxation, including emotional distress without physical injury origins, defamation, discrimination, or wrongful termination claims. Punitive damages are always taxable regardless of claim type, as they’re meant to punish defendants rather than compensate actual losses.  Lost wages settlements are taxable as they replace income that would have been taxed. Interest […]

Key Takeaways Confidence and thorough preparation are essential for a successful deposition, contributing to clear and accurate responses. Clear and direct answers, honesty, and consistency in responses enhance the credibility of your testimony. Limited objections from your attorney during the deposition are indicative of effective communication and a positive outcome. Understanding the Deposition Process A […]

Key Takeaways Lost wages represent the income lost due to an inability to work, making accurate calculations crucial for fair compensation in employment disputes. Factors influencing lost wage calculations include type of employment, wage rate, hours missed, and duration of absence, which must be understood for precise assessments. Essential documentation, such as payroll records, tax […]

One of the ways insurance companies manage their bottom line is by denying claims when they see any plausible reason for denial. As a result, your insurance claim may be rejected because of your pre-existing condition. If your claim was denied, don’t lose hope. You have options. It’s crucial to engage with the team of […]

But what happens after reaching a mediation settlement? In this blog post, we’re going to discuss the post-mediation process and give you a better understanding of how long after mediation you might receive your money. Finalizing the Settlement Agreement The first step after reaching a settlement agreement is to finalize the terms of the agreement. […]

Here, we’ll explore mediation, its advantages, and instances where it may not be the ideal dispute resolution method. What Is Mediation? Mediation is a negotiation process that is voluntarily entered into by the parties or required through court orders or contracts. Mediation aims to facilitate an informal and nonconfrontational conversation between parties, with monitoring and […]

Mediating some personal injury claims may take weeks or months, while others could require more time for resolution. If the parties have been making progress during a session but cannot reach an agreement, there will likely be an opportunity to schedule an additional session or sessions. Mediation generally results in a resolution faster than if […]

Their goal isn’t to pay large settlements. They want to avoid payouts whenever possible. That means they often investigate accidents and look for evidence to show their policyholder isn’t at fault. In the context of personal injury cases, understanding what happens after your lawyer sends a demand letter is crucial. You must hire a personal […]

Our West Palm Beach personal injury lawyers want you to understand the settlement payout process, so you know exactly where your compensation is going. Compensation for Personal Injury Settlements Every personal injury settlement is unique. The compensation you recover may depend on the severity of your injuries and how the accident occurred. Depending on the […]