Last week on “Monday Morning Lawyer,” Jobeth Bowers, an experienced accident attorney, discussed how structured settlements can significantly increase your settlement money tax-free. Joanna Wynes joined him from Sage Settlements, who has nearly a decade of experience in structuring settlements that optimize clients’ financial outcomes. They explored various ways through which accident victims can secure their financial future without the burden of taxes on their settlement gains.
Joanna Wynes provided insights into the personalization of structured settlements to meet individual needs. This financial planning tool not only offers tax benefits but also adapts to the unique circumstances of each client, ensuring long-term security and steady income streams. Whether it’s about handling immediate financial obligations or planning for future expenses, structured settlements are designed to provide peace of mind and substantial financial relief post-accident.
The discussion highlighted the practical benefits of choosing a structured settlement over a lump-sum payment. This method alleviates the stress of managing large amounts of money all at once and helps prevent potential financial missteps. By opting for structured settlements, clients can enjoy a consistent income that supports their lifestyle and recovery process, ensuring that their compensation lasts as long as needed.
If you’re navigating the complexities of an injury claim and considering your payout options, Bowers Law can guide you through the benefits of structured settlements. To discuss your case and explore financial strategies that protect your settlement from taxes, contact us at (410) 885-6200 or through our website. Your financial stability is our priority.
Maryland Attorney Jobeth Bowers is the founder of Bowers Law and a graduate of the University of Baltimore School of Law
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