Month: January 2014

Should I Take Structured Payments or a Lump Sum after a Colorado Motorcycle Accident?

 

Structured Settlement Payments
A structured settlement allows for you and your family to receive tax-free payments at regular intervals throughout a specified period of time. This can be advantageous for many families, as it gives you security and a way to budget your finances easier, without shouldering a tax burden. If you have large amounts of medical bills now, however, this may not give you the income you need to pay those expenses.

 

Lump Sum Payments

A lump sum payment is exactly that—a lump sum amount of money that you can do whatever you want with, whenever you want it. This can be advantageous for injured victims who have large amounts of medical expenses now. It can also be beneficial for financially savvy individuals who could invest this lump sum wisely.

 

The disadvantage to a lump sum payment is that you may find the money gone even though your injuries and medical bills still remain. In addition, there may be taxes associated with lump sum settlements.

 

Before you decide how to accept your personal injury settlement payments, it is best to discuss your situation with an experienced Colorado motorcycle accident lawyer. Your lawyer will be able to review your financial situation and your injuries to help you determine if a structured settlement is best for you. Tax-free structured annuities may be the best way to protect your settlement money, while still ensuring that you have enough money to handle your injuries and medical expenses.

 

Colorado Motorcycle Accident Attorneys

Reisch Law Firm DenverIf you or someone you love is injured in a motorcycle accident anywhere in the State of Colorado, it is important to have an experienced attorney on your side. At Reisch Law Firm, our motorcycle crash lawyers have successfully represented motorcyclists who have been injured by negligent drivers. We will fight the tough fight, so you can focus on your recovery.

 

Call the Westminster motorcycle accident attorneys at Reisch Law Firm today at 1-303-291-0555 for a FREE initial consultation.

The personal injury attorneys at Reisch Law Firm have successfully represented injured individuals and their families in Westminster, Arvada, Boulder, Commerce City, Northglenn, Broomfield, Berkley, Wheat Ridge, Brighton, Thornton, Denver, Lakewood, and throughout the State of Colorado.

Traffic Fatalities Increase Yet Again

The results are finally in regarding 2012 traffic fatalities across the United States, and the results are not good. Fatality Analysis Reporting System (FARS) and the National Highway Traffic Safety Administration have released a complete data report stating that 2012 was a deadly year. There were more than 33,561 deaths in 2012 alone, which was 1, 082 more than the previous year. Sadly, the majority of the increase deaths were motorcyclists and pedestrians and a large number of those accidents involved drivers that were driving under the influence of alcohol.

 

Other key statistics from the released data report include:

 

 

  • Pedestrian fatalities increased for the third straight year, marking a 6.4% increase.

  • Majority of pedestrian fatalities occurred in urban areas, at non-intersections, and at night

  • Motorcycle rider fatalities increased for the third consecutive year – a 7.1% increase.

  • 10x as many riders died due to not wearing helmets.

  • Large-truck occupant fatalities increased for the third straight year, marking an 8.9% increase.

  • Drunk driving fatalities increased 4.6% and the majority involved drivers with BAC levels of 0.15 or higher.

  • Nearly 2/3 of the nighttime fatalities involved vehicle occupants who were not wearing their seatbelts.

 

In Colorado, however, the overall drunk driving traffic fatalities declined by 27 people. In Westminster, there were 9 fatal accidents in 2012 and 9 fatalities. 5 of those accidents were alcohol related fatalities.

 

Traffic fatalities continue to be a problem throughout Colorado and the United States and alcohol related accidents are not on the decline. When the unimaginable happens, do you know what to do and where to turn?

 

 

Reisch Law Firm DenverAt Resich Law Firm, our experienced and skilled Colorado car accident attorneys will fight aggressively to ensure that you receive the maximum compensation after a devastating car accident. Who you choose to represent you during this difficult time is an important decision and one that we do not take lightly. As such, we offer all potential clients a FREE CONSULTATION. Our lawyers are available 24/7 to handle even the most complex Colorado car accident cases. From the moment you step into our offices, you will realize that you are not just a number or a case file. Call the Westminster personal injury attorneys at Reisch Law Firm today at 1-303-291-0555 for a FREE initial consultation.

 

The personal injury attorneys at Reisch Law Firm have successfully represented injured individuals and their families in Westminster, Arvada, Boulder, Commerce City, Northglenn, Broomfield, Berkley, Wheat Ridge, Brighton, Thornton, Denver, Lakewood, and throughout the State of Colorado.