Knowing the financial consequences can give your client a leg up when settling a case
You may have clients who are plaintiffs in a wrongful death or survival lawsuit (based on another's death) or in a lawsuit stemming from their own personal injuries. Those clients, and their personal injury attorneys, often don't realize the importance of settling cases with future income and estate tax liabilities in mind. But their understanding, or at least their appreciation of the potential tax liabilities' significance, is critical so they can take this into account when designing the ...
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