What Do I Do With Funds From My Settlement or Verdict After My Case is Over?
The experienced lawyers and professional staff at Reiff and Bily aim to protect our clients settlements or verdicts with good, proper and honest financial advice when requested. The money received can be invested in various different instruments to properly maximize the integrity of the settlement or verdict and achieve the client's desired goal. We employ a full time on-staff accountant who works with a variety of independent financial planners, specialists and advisors. We can work with certified financial planners and other qualified investment advisors from the smallest investment and certificate of deposit or tax-free structured settlement where we will always strive to get the maximum result and protection for our clients. When there are minor children involved, we can provide anything from a special interest trust from a minor’s compromise involving a bank trust or maximum interest earning CD.
Today’s economic climate demands proficient, cost-effective services working with individuals of the highest degree of integrity and financial caliber to meet a client’s objectives. Each client presents unique situations and calls for a strong work ethic combined with anticipatory needs of demands of the client.
Future economic needs and preservation of asset recovery from the inception of our representation until and throughout post-case resolution is a task we take seriously. Our goal is to protect plaintiffs and their families from squandering their resources and from the exploitation of after market structured settlement buyers, “friends” and “snake oil” salesmen as well as preservation of loan or asset purchasing power. We attempt to take the worries out of legal financial situations resulting from Pennsylvania catastrophic incidents from beginning to end.
At the Law Firm of Reiff and Bily we have the luxury of being involved with and exposed to some of the best financial minds in the National and International arena. We “eat our own cookie.” We deal with these individuals or companies for our own personal accounts.
We have in some instances handled complex estates arising from multi-million dollar settlements where clients have purchased homes for themselves, their children and even their grandchildren as they continue to make smart financial moves.
Garry Gray, an accountant employed with the Law Firm of Reiff and Bily has had “big five” accounting firm experience and was the comptroller and CFO of major businesses. He works with numerous insurance companies, health care providers and financial institutions to manage serious health and lifecare issues long after a successful verdict or settlement is achieved. Often times, it is important to consider a variety of life insurance and health insurance vehicles to ensure the continuation of wealth within the family structure after a successful outcome of a case. We also attempt to negotiate, compromise and minimize any liens and potential client exposure.
At the Law Firm of Reiff and Bily, we are many times seeing the third generation of clients who have been well provided for by our experienced Philadelphia consumer protection lawyers and staff. The welfare of our clients is a key to our success. The preservation of a clients’ assets and wealth is an excellent device for it means power, it means leisure and it means liberty.
Socrates stated that if a rich man is proud of his wealth, he should not be praised until it is known how he employs it.
