Are Injury Insurance Settlements Taxable?

Is My Personal Injury Insurance Settlement Taxable?

If you’re depending on a personal injury settlement to cover the costs of catastrophic injuries, emotional distress, lost wages, or medical bills, the last thing you want to worry about is if your injury insurance settlements are taxable. Unfortunately, this sort of confusion is common, especially if you’re recovering from a traumatic, life-changing event.

So, today, we’re going to answer the question: “Are injury insurance settlements taxable?” Keep reading to learn the general rule when it comes to paying taxes on this sort of compensation, as well as a few of the most common exceptions.

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equitable distribution nc

Equitable Distribution — What Does “Marital Property” Mean in Property Division Cases?

When a couple is going through a divorce, one of the most difficult and stressful areas is determining how property will be divided. In North Carolina, this is conducted through a process called equitable distribution.

Equitable distribution is the legal division of marital and divisible property between spouses. This process can often become contentious, which is why parties may need to go through mediation or have a judge determine who gets what.

If you are going through a divorce, here is what you need to understand about equitable distribution and how it can affect your property division case.

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cost to file for divorce in NC

How Much Does It Cost to File for Divorce In North Carolina?

Divorce is difficult no matter what. For some, the cost to file for divorce in North Carolina adds significant hardship to an already financially stressful situation. Filing fees are something couples need know about beforehand, as they might impact decisions on when to begin divorce proceedings.

This article provides basic information on filing for divorce in North Carolina, including when it might be possible to avoid the typical fees. We’ll also discuss how an attorney can help with the entire process.

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taking out-of-state ex to court

Can I Take My Ex to Court for Custody Issues in North Carolina if They Live in a Different State?

These days, families are more complex than ever. When couples separate, it’s not uncommon for ex-spouses to live in different states. This gets complicated, however, when there are children and child custody issues involved. And when separated parents have different ideas about where the kids should live, the relationship and legal issues can get even more difficult.

As much as we’d like to believe that most problems can be worked out through honest communication, there are times when the only way to hold an ex accountable is through legal action. However, when conflicts cross state lines, taking your ex to family court becomes complicated, especially with kids involved. To learn more about taking your ex to court in North Carolina if they live in a different state, keep reading.

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insurance adjuster secrets

9 Secrets the Insurance Adjuster Doesn’t Want You to Know

After a serious car crash, you will likely work with an insurance adjuster on the road to receiving compensation and benefits. Unfortunately, the insurance company does not have your best interests in mind, which can sometimes make the process of filing a claim overwhelming.

The good news is that you don’t have to go into negotiations unprepared. In this article, we’ll share nine industry secrets to help you navigate this complicated process.

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difference between separation agreement and consent order 

Understand the Difference Between a Separation Agreement and a Consent Order

If your marriage is deteriorating, you may be looking for ways to start the separation process. If you’re struggling to figure out what to do, you might not realize that you have options other than immediately going to court to fight things out.

In this blog, we’ll review two legal options that are available to separating couples as alternatives to a court battle: separation agreements and consent orders.

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how to get back custody

Denied Child Custody or Visitation? Here’s What to Do

Losing custody or visitation of your children is one of the most heart-wrenching things that can happen to a parent. While this can be a devastating outcome, there’s still hope. There are several steps you can take to live a healthier life and get your child or children back.

In this blog, we outline the steps parents can take to get back custody, as well as common child custody mistakes to avoid along the way.

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child’s best interests

How Do Courts Decide What’s in a Child’s Best Interests?

When courts issue a child custody order, they must consider which services and parenting arrangement best serve the child’s unique needs. This isn’t a simple, cut-and-dry process. Because custody decisions can profoundly affect a child’s physical and emotional wellbeing, courts weigh a variety of factors and might even call in specially trained experts.

In this blog, the child custody attorneys at Myers Law Firm will outline some of the factors that go into determining what is in the child’s best interests in North Carolina.

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what to do about parental alienation

What Can I Do About Parental Alienation?

When parents separate or divorce, children are forced to adjust in multiple ways. No matter how parents feel about each other, it’s critical that children continue to feel loved and secure, which requires a level of compromise and joint effort between the parents.

Unfortunately, not all parents put their child’s interests first during a divorce. Sometimes, one parent engages in manipulation that undermines and damages the other parent’s relationship with the child. This type of relationship damage is called parental alienation, and it can lead to grief and emotional anguish, not to mention concern for the children’s wellbeing and sense of security.

In this blog article, we’ll explore parental alienation and help you identify it sooner rather than later. We’ll also discuss what to do about parental alienation and provide advice about how to address the problem.

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