Most personal injury cases never conclude with a verdict. Instead, most parties opt to accept a settlement offer prior to or even during trial. Before you accept any settlement, you'll want to be aware of the potential tax-related consequences that could reduce your personal injury settlement amount. Understanding the circumstances that determine whether or not your settlement proceeds are taxed will leave you better prepared financially.
Most Proceeds Aren't Subject to Taxes
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Suppose you buy a house and later realizes that it has some defects you should have known about before the purchase. Depending on the circumstances, you may hold the seller, agent and even the inspector liable for your losses. However, you may only be entitled to damage compensation under certain circumstances. For example, you may be compensated for flaws that:
Weren't Obvious
You may not receive compensation for an obvious defect that you could have identified on your own before the purchase.
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Semi trucks are so large that simply the air displaced by the truck as it roars down the road can be enough to buffet surrounding cars. Trucks are so large, in fact, that if you travel near one in a rainstorm or blizzard, it might feel like the truck is creating its own weather system. To be hit by a truck is devastating. If you have the unfortunate reality of getting in an accident with a truck, understanding the legal complexities of your case can by trying.
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A wrongful death lawsuit is a legal course of action one can take if a loved one has died due to the malice or negligence of a person, company, or government entity. If won, a wrongful death lawsuit can provide the deceased's family with substantial monetary damages. However, there are different rules and regulations for these lawsuits in every state. Here's what you need to know to file a wrongful death lawsuit in Florida.
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If you've recently been charged with a DUI, you may be wondering how the services of a DUI attorney can help you. This is especially true if the arresting officer has proof to back up their claims, such as a positive breathalyzer or urine test. Below are three ways in which a DUI attorney can be beneficial to your case and why you should consult with one immediately.
Lessen the Charges You're Facing
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