$ 350 K LOTTERY WINS FOR FLORIDA KEYS MAYOR
The Marathon mayor was on hunt for economic stimulus money. However, he never thought he would win $ 3,50,000. It is actually more of personal stimulus for fellow Stuffed Pig Restaurant owner Karen Dennis and Mayor Mike Cinque, whose Mega Money ticket was one amongst the two winners drawn on Friday night. While megaball was 16, the winning Mega Money numbers were 1-5-22-24. Dennis waited till Saturday 8.00 a.m. when Cinque came at the Stuffed Pig to reveal the good news. She told, “I want to tell something to you and I told, “What now? I thought she was trying to tell me something was broke or likewise. She bounced right out of her chair and was pretty jumpy.
Says Dennis, “Cinque and she purchased tickets worth $ 10 each week, the first time ever since the lottery’s inception in 1986″. The voters have authorized lottery through state constitutional amendment aimed to enhance public education. Dennis said, “When they first began, they only had an outlet in Key West. Every Saturday afternoon, I used to take everyone’s tickets.
She says she followed the normal Saturday morning routine - arriving at the restaurant at 2 a.m. to open - on realizing that her ticket had winning numbers. While taking a break from setting up, she checked the numbers. It was only when she was alone at the restaurant in the morning week hours that she observed the numbers were lined up. Not believing her eyes, Dennis says she visited Publix in morning to verify whether the numbers were correct.
She said, I checked to ensure, “I went to Publix and they printed out the numbers. Dennis says, “I plan to visit Tallahassee the next week to claim the winning amount. For the time being, the ticket is being currently held in safety deposit box.”
The winning ticket was purchased from Tranquility Bay Resort area in Marathon. The jackpot amount ($ 7,00,000) would be shared with another Naples area winner.
Will Your Structured Settlement Be Enough In The Future?
There are many reasons people decide to sell their structured settlement rather than keep it. Some want to purchase a new home or return to school and a lump sum of cash allows them to do it. Others want to get out from under a mountain of debt. But, one of the most compelling reasons to sell a structured settlement is the fact that it many not be worth as much in the future.
Things like inflation can rapidly decrease the value of the dollar. A dollar that was once worth a dollar today isn’t worth the same amount tomorrow. But, selling a structured settlement, and then wisely investing the money could actually increase the value of your settlement in the long run.
The Importance Of Open And Honest Communication
Openness and honesty are traits that impact our relationships, work places and friendships in positive ways. The same can be said about the business relationship you have with the partner you are considering selling your structured settlement too.
Open and honest communication means that all information regarding the sale of a structured settlement is willingly disclosed to you, the seller. As such, you are able to make the right decision about the sale. There are no hidden fees or penalties to catch you off guard, and you’ll know exactly how the process works.
If you don’t feel as if your potential partner is being open and honest with you, chances are they’re not. Move on to another partner that you’re comfortable with; one that willingly discloses any and all information you are seeking.
MOTHER AND TWO DAUGHTERS CLAIM $ 11 MILLION LOTTERY PRIZE
Auto workers collect winning check; usher good news for struggling community
Though there aren’t much happy stories that involve the Indiana auto workers, one family has been an exception to all this.
Two daughters, one who has retired from General motors and the other who works for Delphi firm in Kokomo and their mother cashed in on Monday, claiming a bumper jackpot of $ 11 million through Hoosier lottery price, as per news reports.
The amount was the biggest check that Jill Carver from Kokomo and her daughters Ronette Kelley and Brenda Carver ever received. Though Delphi has struggled with all of America’s auto industry, Kelley and Carver claimed their personal stimulus check.
Jill Carver says, “You have to look at it at least four or five times to ensure one sees the right numbers.” She asked me, “Are you sitting?” to which I said “Did you win the lottery?” to which Brenda said, “Well, yeah”.
According to sources, the winning ticket got purchased on US 31 at Kokomo’s convenience store where clients reacted to positive economic news. Knowing somebody from Kokomo has won has got me excited, said a woman.
The daughter-mother millionaires have indicated that they do not intend to change that much. As a matter of fact, they laughed and revealed that their evening plans included a trip to Walmart. Besides, the Delphi workers also don’t intend to quit their jobs either.
After defying the odds of 1 in 12 million, the family now plans to enjoy the life which lottery officials believe are dreams made of. Nearly each of them took their first installment on Monday - amounting to $ 1,28,000 annually for the coming three decades.
Says Jill Carver, “This is good for us”. How I wish everyone else in Kokomo could have something like this to happen.” According to the family, a financial advisor told them that the best move in the current economy is to go for the installment plan. There are several lottery winners who invest poorly, select a lump sum payment and then loose it all.
IMPORTANCE OF STRUCTURED SETTLEMENT IN SETTLEMENTPLANNING
Kudos to the NSSTA member Tacker leCarpentie for the perceptive article in the report in North Carolina Lawyers weekly in cases which involve severely disabled incompetents and minors. As noted by LeCarpentier, the survivors of accident are now living longer, which increases the chances of outliving financial resources received following an accident.
Carpentier writes, “This is the main reason why the flexible, guaranteed and non-taxable payment arrangement offered by traditional structured settlement usually forms the spinal cord of any sound and diversified settlement plan, he writes.
On contrast, the use of the traditional bank trust - a part of managed investments which some offer as the alternative for the structured settlement fail to offer such advantages. The managed investment trust cannot and do not guarantee performance of assets under management.
Three risks are described by Le Carpentier, wherein the claimant not only relies on the investment trust or other investment products. Initially, there is the risk of mortality. Money won’t outlive the claimant. Second thing - there is a risk of lost capital. Volatile and unpredictable markets besides losses in trust produce cut into the settlement funds corps. Investment risks form the third part. The main thing in question is as to whether the return on future investments yields the same results as those obtained, especially when the prices of the U.S Treasury are at its all time highs.
His February 16 article is currently available at North Carolina lawyer weekly website, which one can easily access online. Structured settlements offer financial security to the victims and families of physical injuries. With the help of tailored stream of the payments, structured settlement offers tax-free income for a lifetime on a long term basis. The NSSTA or National Structured Settlements Trade Association represents an excess of 600 licensed insurance companies, insurance brokers, besides other primarily involved in the administration of the structured settlements.
Typical structured settlements are structured as mentioned. Injured party (or claimant) settle tort suit with defendant (or the insurance carrier) pursuant to the settlement agreement which provides that, in exchange of the claimant securing the lawsuit’s dismissal, the defendant or the insurer agree to make the periodic payments over a particular period of time. Thus, a casualty/property insurance company finds itself with a long-term payment obligation towards the claimant. In order to fund such an obligation, the casualty insurer/ property insurer takes one amongst two typical approaches. Either it purchases annuity from the insurance firm (called buy and hold case) or it delegates and assigns the periodic payment obligations to the third party member which then purchases the annuity. This case is known as the assigned case.
For more structured settlement information, please visit www.prospertypartners.com