When you first received your structured settlement, getting regularly scheduled payments seemed like a pretty good deal. You had money to pay your bills, always knew when that next check would arrive. They were comfortably predictable. But maybe your situation has changed and things are a bit different now.
When lawsuits against asbestos manufacturers were first filed in the late 1970s, the majority of the victims were those who had applied asbestos products directly or had worked in a related trade and came into regular contact with the product. Asbestos insulators, boilermakers, sheet metal workers, and shipfitters were typical victims of asbestos-related illness.
Although asbestos use in job sites has ceased substantially since the Environmental Protection Agency (EPA) implemented strict regulations in the late 1970s, Virginians still face asbestos exposure via natural mind deposits all across the state. However, most people in Virginia were exposed to the dangerous mineral much more often while working jobs that used asbestos in products, building, machinery, and equipment. In fact, the exposure in Virginia has been so significant that it currently ranks in the top 10 in the United States for the most asbestos-related deaths.
Mesothelioma is a rare, aggressive form of cancer that primarily develops in the lining of the lungs (pleural mesothelioma) or the abdomen (peritoneal mesothelioma). Caused by asbestos, mesothelioma has no known cure and has a poor prognosis. Learn more about various topics related to mesothelioma below, and follow the links for additional information on each subject.
Your car is your ride to success, freedom and opportunity. Your car gets you to your job so you can provide for your family. It gives you the freedom to travel, have fun and enrich your family’s life. And your car allows you to go to work and attend events outside your own neighborhood.
Repeated asbestos yields high incidence of cancer. The devastating effects can include overwhelming medical bills, lowered quality of life and even death. Warshafsky specializes in fully funding your case all the way to trial and charging no fee until you receive compensation. Complex cancer and Mesothelioma cases require the kind of resources and expertise of a monolithically powerful personal injury law firm. Contact our Wisconsin Mesothelioma attorneys for no-win-no-fee representation.
Most people are ill-equipped to manage a significantly large amount of money, like that awarded in court cases for wrongful deaths or personal injury. Structured settlements came along as a way to ensure that those who won such cases would actually experience the financial security the case was aimed at achieving. Settlements increased in popularity when Congress passed the Periodic Payment Settlement act. The legislation encouraged the use of structured settlements in personal injury cases by offering significant tax exemptions for money received in a structured settlement. Structured settlements are a type of annuity, which means the money is managed through an insurance company. The installments from the annuity issuing insurance company were exempted not only from federal income tax, but state and local income taxes as well.
Filing a mesothelioma claim can help you obtain money to cover pain and suffering, medical expenses and lost income resulting from asbestos exposure. In the majority of cases, the individual who is filing the claim seeks monetary compensation for damages that arise after a diagnosis of an asbestos-related cancer.
If you have an asbestos-related disease, seriously consider contacting a qualified mesothelioma lawyer immediately. These types of cases are time sensitive, and only a lawyer trained in asbestos litigation should help you decide if and when to pursue a lawsuit against a company that may be responsible for exposing you to asbestos. The right attorney will also guide you through the process and explain what you can expect from filing the lawsuit.
Companies that purchase structured settlement and annuity payments form what is known as a secondary market. There are many buyers on the secondary market, and if you’re looking to sell there are some key points you need to know to obtain the best price for your payments along with good customer service.