Millennium Settlements Blog

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Posted by: Ericka Henderson on Dec 20, 2017

The jury is still out regarding the new Tax Bill proposed by the Senate and recently passed by the House. The consensus appears to be that the standard deduction will increase, tax brackets will change, and some deductions will be eliminated1.  Overall, the translation of the proposed bills is mixed--taxes will increase for a portion of U.S. households and will decrease for others.  So, in an effort to simplify a complicated system, the end result really is just a reorganization.

Posted by: Ericka Henderson on Oct 25, 2017

According to the American Bar Association, as of 2017 there are currently 1,335,963 attorneys in the United States1.  With so much competition in the legal industry, how do you stand out from your peers?  Whether you work for a large, established firm or are a solo practitioner, developing your personal brand will allow you to strategically distinguish yourself, build your client-base and retain clients.  A personal brand is simply the marketing term for how you portray yourself to the world, yet it requires thought and purpose in order to accomplish your goals.  Jay Harrington states, “branding requires a concerted, strategic and active effort to describe, position and promote how one’s skills and expertise are relevant and uniquely able to solve a client’s problems.2

Posted by: Susan Clark on Sep 25, 2017

As attorneys settle more lawsuits each year on behalf of their clients for various types of discrimination they should consider how the resulting settlement awards will financially impact their clients.  Considering the financial and, maybe more importantly, tax impact of the settlement award for the client is a smart and responsible proactive approach for attorneys-- and an approach which will have the clients thanking their attorneys in future years through new referrals.

Posted by: Susan Clark on Aug 28, 2017

Personal injury attorneys and claims adjusters have long been familiar with structured settlements and the spendthrift  protection they provide to injured parties through guaranteed periodic payments designed to meet their future medical and financial needs.   Structured settlements, traditionally funded by commercial annuities, thrived for decades relatively unchanged.  But, one could argue that the 2008 economic downturn, which resulted in persistent low-interest rates, became the catalyst for the structured settlement industry to create an exciting variety of programs for attorneys and claimants that now offer increased flexibility and greater options for risk and return.  

Posted by: Susan Clark on Jun 30, 2017

It is the season of the summer sale with the 4th of July right around the corner.  With so many “great deals” on new cars, it’s hard to resist the snappy slogans on TV beckoning buyers for a test drive—especially when this particular driver has over 130,000 miles on her car and a new sound knocking by her tires at every turn of the wheel.  But consumers need to be aware of the many recalls that have plagued the auto industry in recent years. 

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