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Wednesday, June 24, 2015
My Child was Injured in a Car Accident
Why do an Annuity?
When a child injury occurs due to the negligence of another person in a car wreck or other accident, the child may be entitled to recover a settlement or court verdict for his or her injuries. Putting that settlement into an annuity is often the best way to maximize and grow the child’s funds, preserve the funds for the child’s future needs, and ensure that the funds are used for his or her best purposes.
An annuity is a financial tool that places the child’s settlement funds into an account where the money is professionally invested and managed and the child receives a guaranteed income stream for a certain amount of time. Annuities are a way to preserve child injury settlements and the Law Firm of Flora Templeton Stuart works closely with annuity companies to help craft a custom plan to fit the individual needs of each injured child we represent.
Annuities have many benefits and are often a great way to ensure that the child’s future needs are met. The Law Firm of Flora Templeton Stuart has helped many injured children use their settlements to create annuities that preserved their funds for a college education or for buying their first home. Annuities are also a great way to invest child injury settlements because the interest earned on the annuity is tax free, unlike other investment options. Finally, an annuity can give the child and parents peace of mind that the child’s money will be safe, the funds will be invested by professionals, and the income from the annuity will be guaranteed.
If your child has been injured by another’s negligence though an auto accident, semi wreck, dog bite, birth injury, or other personal injury, call child injury attorney Flora Templeton Stuart at 888-782-9090 for a free consultation. For nearly forty years, Flora and her team have helped child injury victims receive fair compensation for their injuries, but Flora’s team does not stop when the settlement is recovered—we will work diligently with annuity investors to make sure that an injured child’s settlement is invested in a safe manner that will grow the money and guarantee steady payments.