Bail bonds are one of the most important words you’ll hear, if you’re ever arrested. Hiring a bail bondsman can mean the difference between spending days, or even months, in jail — or not! Bail bonds are typically given in instances where you’re arrested, and the court wants some form of collateral in order to let you go. While you may not be convicted yet, they want some form of guarantee that if they let you go, you’ll come to all the court proceedings, and do not disappear.

Typically, the bail will vary, depending on how extreme the crime you’ve done is, and how big of a flight risk you’re deemed. For example, if you’ve done a petty crime, your bail may only be a few thousand dollars. But, if you’re accused of manslaughter, etc, your bail may be in the hundreds of thousands of dollars. When this type of situation occurs, a bail bondsman can help pay the bail, in exchange for some form of collateral from you.

Typically, the bail bondsman, will ask you to pay him a % of the bond. For example, on a $200,000 bond, you may be asked to pay $20-$50,000. If you don’t have enough money, a bail bondsman may ask for other forms of collateral, for example if you’re house is worth $300,000, they may put a lien on the house in order to secure collateral in exchange for the bail bond.

Typically,  the fee you have given will be returned at a later point (when the bond is no longer needed). At this juncture, the bail bondsman will charge you interest, on the bail bond. This interest is a set fee, and will be for the duration of the bail bond. For example, on a $200,000 bail bond, you may end up paying $5-$10,000 in interest fees. It all depends on how much you’re borrowing. The good news, is that the interest doesn’t keep accruing on a monthly basis, like other loans. This is a “hard fee” that caps off.

 

The Sonic Screwdriver is a Gallifreyan device which served as a multi-purpose tool to Doctor in the ever popular TV show, Doctor Who. This device is flooded with an array of features that let the doctor control various objects at just the press of his thumb. If you are an ardent lover of this TV show then you might be already aware that doctor has used on array of screwdrivers in various designs and varied ability until his lifetime. The latest one that has received many replicas making rounds in the market is the one used by the 10th Doctor and 11th Doctor which was created within the console of TARDIS when the previous screwdriver was destroyed badly while confronting the prisoner Zero at the Lead worth village.

When compared to other siblings, this screwdriver and flaunts a green light which continues to be an integral part of the doctor as it becomes handy equipment while he explores the universe. If you have bought a brand new replica of the Sonic Screwdriver then you will need 3LII54 batteries and a traditional screwdriver.

Assembling Sonic Screwdriver:

  • Remove Sonic Screwdriverfrom the pack and hold it with your hand. Now twist the upper part (rigid section in silver and green tip) and pull it away. Now the battery caring in green would be visible with the top portion.
  • Loosen and remove both the screws on green caring and remove the cover.
  • Fit the batteries and put back the cover and screws.
  • Align the bottom of the screwdriver using the green caring and the grooves.
  • Now push the piece at the bottom over the green caring and connect it with the top portion of the device. As soon as the connection is established, you can slide the device at the same time.
  • Now test this screwdriver by pushing the black button on its lower back on the midsection. This would cause the device to generate a high pitched noise and the green light would glow.
  • Now push the black button on top to extend the device and replicate the scan mode. You can now open the bottom lid and touch the red colored button of the screwdriver to make it activate a different noise and light.
  • Make sure you replace the screws correctly without stripping it. If the screws are flimsy then replace it.

Hiring a divorce attorney is one of the most dreadful things one can think of — next to going to the dentist! It’s something no married couple wants to ever consider, but when the day comes, and that decision is front of you, – you better do your research. Hiring a divorce lawyer, is important – but what’s more important is knowing what you want.

For example – are you truly looking for a divorce, are you at that stage? Or are you simply looking for some form of mediation, and want to try and patch things up? Too often couples go right for the “D word,” instead of trying to fix their relationship, or at least try. Many times, couples counseling can assist with relieving mixed emotions, which need to be discussed and resolved. But, if you find that counseling isn’t cutting it, then a divorce, or at the very least separation, might be necessary.

First and foremost, avoid a “DIY” divorce kit. Rarely do those kits take into account everything under the sun, such as assets, property, child support, alimony, etc, and frequently an attorney is needed afterwards to fix the mess caused by the “DIY kit.” In states such as New York, a “no fault” divorce is allowed. This is true for other states as well. In order to qualify, though, you have to be legally separated from your spouse for at least 1 year. If you are, then under the guidelines of New York state, you can get a divorce that is “no fault.” Before this, the only way to get a divorce would be if one of the spouses was cheating on the other, etc.

Once you decide you need a divorce attorney, consider looking at places like Google places, and AVVO – for reviews. Generally speaking, you should consider working with an attorney who has many reviews on these places. It’s potentially easy for an attorney to manipulate these review portals, but if they have a large number of reviews, it’s likely they are trustworthy.

See if the lawyer offers a risk free consultation, and take advantage of it. Ask for references, and case studies of other couples. Generally speaking, an experienced divorce lawyer should be able to cite other cases similar to your own, from his years of experience. If he can’t, you should be careful, and assume he may not be the most qualified to help you. Another factor to consider is the size of his/her law firm. Generally smaller law firms may not be able to provide an adequate level of attention if they have too many clients. Ask the lawyer if you’ll be dealing with him, or his paralegal. Generally, cheaper law firms will take the easy way out, and assign you to a paralegal. This may result in you and your needs not being properly expressed, or represented.

About The Author

Jason Goldman is a lawyer at Raiser & Kenniff, PC, the premier NYC divorce lawyers, with over 40 years of combined experience.

The author of this blog post is Jim Ingolia, a NYC Personal Injury Lawyer who helps victims of personal injuries get the settlements they deserve. 

Generally speaking, personal injury settlements and awards are considered tax-free income, meaning you don’t have to pay the IRS a dime out of your winnings. The money awarded to you through either an official judgment or a well-negotiated settlement will be yours to split with your attorney. Note, however, that this view of the tax law takes only specific forms of compensation into account. Bodily injuries, quantifiable pain and suffering as the result of said injuries, medical bill awards, and lost wages directly attributable to physical injury are seen as offsetting a loss and are therefore not touched by the government. As you might have guessed, though, that’s not the end of the story.

Jurisdictional Variations
In addition to the federal government’s role in collecting taxes, each state also has their own tax laws. Some of these may differ substantially from the national IRS, so it pays to speak with a tax expert before signing on to a settlement. The federal tax code is thankfully straightforward on the matter of personal injury settlements, but some states may have obscure and difficult-to-understand laws regarding taxation. 

Exceptions to the Rule
Punitive damages are regarded as taxable income. These awards are intended to punish the person or company with a monetary “fine” which then goes to the plaintiff. If you’ve received punitive damages as part of your compensation package, the sum must be added to the gross income calculation on that year’s tax return forms. 

It is also worth noting that any interest you accrue through investments made with your personal injury settlement are fully taxable under the federal code. The only exceptions are special trusts or accounts which defer taxation to a later time, but these exceptions are not unique to lawsuit settlements. 

Case Specific Settlements
Some attorneys take taxation into account when negotiating a settlement and for good reason. How you settle a case can have a bearing on how much of the award must be handed over to the IRS. For instance, if you negotiate a settlement agreement that states all money is intended for visible physical injuries, the money will be nontaxable. If the award comes from a judge or jury, however, the amount may be itemized in a way that puts more of it up for grabs. The IRS isn’t necessarily beholden to a legal agreement’s specific wording, but it will hold up in most instances.

Important Things To Note
The federal government’s tax code can be tricky for even a lawyer versed in the field, so don’t be surprised when there are exceptions upon exceptions that obscure the law. Here are some of the most important things to note:

  • If you have already claimed a medical expense deduction on your tax returns, the IRS expects you to make up that difference with any future personal injury award.
  • Cases which involve no physical injury such as libel, employment-related settlements, wrongful termination, and discrimination may result in settlements that are taxable under the current law.
  • Though punitive damages are usually taxable, they too fall under tax-exempt status when awarded in wrongful death cases.


A Final Word
Though there are exceptions as noted above, personal injury settlements fall largely into tax-exempt status. Why is this important? Because too many people throw away their chance to sue for damages based on the erroneous notion that most of their award will go to the IRS. Nine times out of ten, this simply isn’t the case. If you have a legitimate personal injury case, talk to a good lawyer in your area, speak to a tax professional if necessary, and get the compensation you deserve for your injuries.

Sources
http://www.hhcpa.com/blogs/income-tax-accountants-cpa/when-are-legal-settlements-taxable
http://www.marketwatch.com/story/taxes-on-personal-injury-awards-and-settlements-2013-06-03
http://www.yourlawyer.com/blog/do-i-have-to-pay-taxes-on-my-personal-injury-settlement/
http://taxation.lawyers.com/tax-consequences-of-a-legal-settlement.html
http://www.forbes.com/sites/robertwood/2011/11/16/dont-fail-to-consider-taxes-when-settling-litigation/
http://thelawdictionary.org/article/what-is-taxable-in-a-personal-injury-settlement-under-the-u-s-tax-code/