I have negotiated, litigated and settled hundreds of personal injury cases throughout the years.
One of the bones of contention that I can't say that I subscribe to as to what the clients' do with the money once they receive it after the case is resolved, settled and funds are disbursed.
For many clients it is the first time they ever seen such a large amount of money and they believe its party time or time for shopping for a new car or television set.
However, isn't this the opportune time to save for a "rainy day" and invest the money "wisely" for future financial security and well-being.
I know this is a touchy subject but in many cases money is spent down in a few short years and any opportunity to invest it properly with a bank or reputable certified financial planner is forever gone and so is the money.
As legal advisor it is not the scope of my employment to tell clients what to do with their money. After all it is their money and they have the right to do with it whatever they wish. However, I do tell them to save the money and spend it wisely so as to have some for that "rainy day" which always seems to come one day in our life.
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