Can The IRS Take My Personal Injury Settlement?

If you suffer injuries due to another party’s negligence, you could be concerned about the IRS taking part of your settlement. For anyone who has back taxes, it is possible the IRS will take part of a personal injury settlement. If there is already a lien on any of your personal property, the IRS could … Read more

What is the Car Insurance Limit Required in Your State?

The basic legal insurance requirements in any given state is also known as the state minimum insurance. While most states mandate some form of car insurance, the specific coverage amounts required differ from state to state. What Is Minimum Car Insurance? New Hampshire is the only state that does not require a minimum amount of … Read more

Does Your Car Insurance Go Up If Someone Hits You?

If you are involved in an auto accident, the experience can be distressing and traumatic. Along with receiving the right medical care, the potential financial consequences of the accident are usually uppermost on the minds of accident victims. One of the most common concerns is whether your car insurance will go up as a result … Read more

Can I Sue Someone Personally After a Car Accident?

If you are involved in a car accident, you may think you will receive compensation from an insurance company, but have you considered that you may need to sue the other party to recover damages? The more severe the car wreck, the more costly your recovery will be. Even a trip to the emergency room … Read more

Can I Deduct Attorney Fees from a Car Settlement?

Tax laws have changed recently, and there have also been changes to what counts as deductible, so you may be wondering if you can deduct attorney fees from a car accident settlement. Deductible legal fees The enactment of the 2017 Tax Cuts and Jobs Act saw sweeping changes to tax laws impacting most taxpayers. One … Read more

How Do Insurance Companies Determine Car Accident Settlement Amounts?

Insurance companies use the following three variables when determining car settlement amounts: Liability Damages Terms and limits of insurance policy Assuming liability is clear, the insurer’s claims adjuster establishes the value of the victim’s losses relative to policy limits. All of the above factors come into play when insurance companies determine the value of car … Read more

What States Are No Fault States?

Auto insurance laws are made at a state level in the United States, with a state able to choose between being a tort liability state, a no-fault state, or a combination of these two approaches. Whether you are getting auto insurance for the first time or you’re looking to switch providers, knowing the difference between … Read more

Pre-Settlement Funding Cost Calculator

At Provident, we keep it simple. Use this easy tool to understand what legal funding really costs. Pre-Settlement Funding Calculator Pre-Settlement Funding Amount: Time Until Settlement: 6 Months1 Year1.5 Years2 Years Calculate Estimated Total Payback: Using This Calculator This calculator is an illustrative tool to understand the approximate cost of legal funding from Provident. Approved funding … Read more

Pre-Settlement Loans Overview

Filing a lawsuit can be an expensive process. Between hiring a lawyer, and fighting a personal injury case in court, victims can be left fronting quite a bit of cash resulting in a significant amount of legal debt. Fortunately, a pre-settlement loan is an effective way to receive the funds you’ll need to fight for … Read more

Personal Injury Plaintiff Financial Planning and Funding Worksheet

Monthly Income Net Income From Work: Additional Income: Monthly Expenses Rent or Mortgage Expense: Utilities: Medical: Transportation (include insurance, gas, etc.): Internet, Cable Other Subscriptions: Groceries and Restaurants: Entertainment: Interest and Debt Repayments: Other: Calculate Income Expenses Net Income / Expenses

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