THE HIDDEN RISKS AFTER A SETTLEMENT HOW DUE DILIGENCE PROTECTS CLIENTS WHEN IT MATTERS MOST
Whenever someone comes into a large amount of money, there is always some concern about making it last. This becomes even more critical when medical bills are involved, and the individual is unable to work anymore, which happens far too often in personal injury cases. We want to put our clients in the best position possible, which is why we take our due diligence as seriously as possible. Since Justin is a CERTIFIED FINANCIAL PLANNER ® and a fiduciary, everything he does has to be in the best interest of the client. This includes a range of responsibilities, so clients can rest assured knowing that everything is being handled properly. One of the first things we’ll do is investigate whether a client is receiving government benefits. This is often the baseline decision
that determines the path forward, because the last thing we want is someone losing needed benefits after winning a settlement. From there, we explore their present needs. What do their medical bills look like right now and in the foreseeable future? If they’re going to be out of work, what will their living expenses look like? By asking these questions, we can determine their financial needs now and in the future. We’ll then do an analysis and a projection to create the perfect plan, which is a vital part of the process. While a structured settlement annuity can be a great tool for the right person, it can tie up their money. It’s not liquid, so if there is a need for immediate cash, we can explore other options such as an investment portfolio. This is something that is unique to our business.
Our efforts don’t stop there. We will also investigate a client’s family dynamics. Like professional athletes after receiving a huge contract, family and friends will usually come out of the woodwork to get a slice of a loved one’s settlement. We do what we can to protect them through education and personalized strategies. Due diligence is not simply a suggestion; it’s at the core of every decision we make for our clients.
TURN UP THE TUNES, TURN DOWN THE STRESS THE SOUNDTRACK TO YOUR SANITY
Have you ever noticed that stress melts away when you tap your foot to a favorite tune or do a little “happy dance”? Music is more than just a soundtrack in our lives; it’s a form of therapy that can help us heal by tuning in and turning up soothing sounds. Your playlist is a science-backed mood booster that can bring calm and balance to your body and mind. Tuning Out the Tension Music can have a considerable impact on how we feel and act. If you are stressed, slow- tempo songs can help quiet the noise in your mind, lift your spirits, and release tension. The power of audio over anxiety is scientifically proven and corresponds with actual physical changes in your body. Research suggests
that music around 60 beats per minute can cause your brain to sync with the rhythm and produce the brainwaves needed for relaxation. Other studies have found that listening to music can lower cortisol levels, the hormone responsible for stress. Calming tunes can even decrease your heart rate and blood pressure. Soundtracks for Sweet Sleep A lack of proper sleep is linked to numerous mental and physical health issues, and for many people, reaching for their headphones can send them right into dreamland. Listening to calming music with repetitive patterns and simple elements for at least 45 minutes can help you achieve deep sleep. It triggers your body to rest, slowing your breathing and increasing the production
of feel-good hormones. The trick to finding the right snooze song is avoiding anything unpredictable, loud, or distracting. Too many complex chord changes or guitar solos can keep your brain on alert.
Melodies Mirror the Mind Music is a universal language and an
excellent way to help build your confidence and find your voice. By singing along, playing a drum, or moving to the beat, you can express yourself in a way that lets you stave off stress and remember who you are. Next time you are feeling stressed, put on your headphones and your pick-me- up playlist to give your day a whole new, relaxed rhythm.
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