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You would think that Nobel Prize-winning economists would know how to invest their award windfall. For most, it's the largest single sum of money they will ever receive. Yet, according to an October 11 MarketWatch article, some of these economists have "fizzled away" much of their winnings.

While the economists interviewed made light of their spending, for injured plaintiffs, their settlement is serious business and often critical to their family's financial security. There must be enough money to pay for day-to-day living expenses, medical costs, college tuition and other large and small purchases. A structured settlement gives plaintiffs a specific long-term plan with guaranteed tax-free income to make sure expenses are met. The structure also removes the temptation to make impulse buys and provides the ideal excuse to say no to relatives or friends looking for a handout.

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Learn about this evidence issue that often arises with hospital/physician records containing a diagnostic opinion.

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An excellent way to set yourself up for success on cross examination is to write down your questions and related information in advance.

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If opposing counsel asks a question that can’t be understood or may be misunderstood, here's what to do.
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