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RECENT NEWS

21 Jun, 2023
Many families consider purcahsing long-term care insurance in advance to help pay for expensive long-term care in the future. Here are three important factors to keep in mind when buying long-term care.
By kshain 12 Jul, 2016
The perfect gift for your child or grandchild on the occasion of their birth, Bar or Bat Mitzvah, Sweet 16 or Quinceañera cannot be found in any store.  Instead, the hopes and wishes you have for your child (or grandchild’s) future can best be expressed with a gift of security, resources and a foundation of [..] The post The Wealth Creation Trust: A Gift That Keeps On Giving appeared first on Shandon Phan Law Firm PLLC.
By kshain 16 May, 2016
The perfect gift for your child or grandchild on the occasion of their birth, Bar or Bat Mitzvah, Sweet 16 or Quinceañera cannot be found in any store.  Instead, the hopes and wishes you have for your child (or grandchild’s) future can best be expressed with a gift of security, resources and a foundation of [..] The post The Wealth Creation Trust: A Gift That Keeps On Giving appeared first on Shandon Phan Law Firm PLLC.

Do I have to pay taxes on my Personal Injury Settlement?

May 08, 2016

A:

Pursuant to IRS Publication 525: Taxable and Nontaxable Income, in terms of personal injury, however, your insurance settlement is not taxable.

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