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Author Archives: Prithvi Pant

Coping with Loss and Grief After a Catastrophic Accident

Coping with Loss and Grief After a Catastrophic Accident

Accident victims and their families must find a way to deal with the grief that comes with a catastrophic accident. Accepting the situation can enable families to deal with pressing issues that arise from the accident. While this is easier said than done, there are a number of steps that the injured and their families can take. Accident Victims Can Benefit From Professional Help It can be difficult for victims to deal with the grief that comes from a serious accident on their own. They are already dealing with numerous physical challenges. Accident victims and their families should seek professional counseling to help process what happened and adjust to the new reality. Mental health professionals can teach coping strategies. They can also ...

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How Much Liability Insurance Do You Need?

How Much Liability Insurance Do You Need?

States set the minimum amounts of liability insurance coverage that drivers should have, but it is highly recommended that a person purchases more than the minimum coverage. Healthcare costs and vehicle repair costs can add up quickly after an accident. If a person’s coverage is not enough, he or she may be required to pay large amounts of money out of pocket. What Is Liability Insurance? Liability insurance for a driver is a type of auto insurance that covers the injury or damage that the driver causes in a car accident. The insurer pays for the injuries and damages up to a person’s coverage limits. The two major components of liability insurance are bodily injury and property damage. Bodily Injury Liability Also ...

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The Cost of Becoming a US Citizen

The Cost of Becoming a US Citizen

Becoming a U.S. citizen is an arduous and expensive process. Applicants must travel, pay filing fees, hire legal assistance, and more to assure that their application is correct and will be approved. The Citizenship Approval Process The pathway to US citizenship can be divided into two phases. To obtain citizenship, first, the applicant must earn lawful permanent resident status. Second, the applicant may apply for citizenship and prove that he or she meets the requirements. Both phases cost a significant amount of money. Pathways to Permanent Status Permanent status, or a “green card,” means that the applicant may live and work permanently in the United States. This comes with various perks like no loss of status, travel benefits and easy to rent ...

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What is a Special Needs Trust?

What is a Special Needs Trust?

A special needs trust, also called a supplemental trust, is set up to offer financial support to a person with a disability without compromising his or her eligibility for crucial government benefits. Parents often establish special needs trusts to cater to the unique needs of a child with a disability. The assets in the trust are owned and managed by the trust, not the child. As such, it preserves the child’s eligibility for government assistance programs like Supplemental Security Income (SSI), Medicaid, or Medicare. How Does a Special Needs Trust Work? A special needs trust meets a specific percentage of a disabled individual’s financial needs that aren’t met by government assistance programs. The trust assets don’t affect the individual’s eligibility for government ...

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What You Should Know About Structuring a Settlement

Things to Know About Structuring a Settlement

A structured settlement is a series of payments made to a claimant, who wins or settles his or her lawsuit, over a fixed period. The claimant should consider his or her tax liability, how he or she plans to spend the settlement money, and whether he or she will require help in managing a huge sum of money before deciding whether to take the settlement as a structured payment or a one-time lump sum. This guide will discuss structured settlement options, factors to consider when choosing between a structured and a lump-sum payment, and advantages as well as disadvantages of a structured settlement. Structured Settlement Options If a claimant opts to receive his or her settlement as a structured payment rather than ...

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Financial Considerations for First-Time Homebuyers

Financial Considerations for First Time Home Buyers

For first-time homebuyers, there are many financial considerations that will influence their purchase. These include the type of loan that’s right for them, ways to appeal to lenders, and steps for setting a solid budget. The following is an overview of these considerations and how first-time homebuyers can sufficiently prepare for their next move. Different Types of Loans There are a variety of loan types available when buying a home, depending on a homebuyer’s specific needs. These include: Conventional Loans These loans are a type of mortgage that isn’t insured, nor does the federal government guarantee it. In most cases, they are fixed-rate mortgages that are a challenge to qualify for due to their stringent requirements. Specifically, to qualify for these loans, ...

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A Guide to Financial Analyst Profession

A Guide to Financial Analyst Profession

The activities of a company can be compared to going to an unfamiliar place. You can go wherever you want and possibly arrive at your goal. Or you can prepare, take a map, lay the best route and come to the goal faster and more effectively. But in order to create such a route you need introductory information: a map of the area, the location of roads, hotels, gas stations, etc. And if we go back to our comparison with the company, the employee who collects, analyzes and structures the information to make a decision is a financial analyst. What Does a Financial Analyst Do? In a market economy, more and more companies are hiring financial analysts. For example, to analyze the ...

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Nursing Home Ratings Help Keep Your Elderly Loved Ones Safe

Today, the elderly are empowered to play a significant role in the quality of care they receive through the Consumer Assessment of Healthcare Providers and Systems (CAHPS) surveys. CAHPS nursing home surveys measure resident satisfaction rates and can be used by family and friends when selecting the best care facilities for their aging loved ones. What is the CAHPS nursing home rating? CAHPS is a data survey tool that tracks the quality of care that patients get in the health sector. CAHP surveys produce data that reflects patients’ overall experience in hospitals or nursing homes. The data from the CAHPS survey is made public by the government. Choosing nursing homes with the highest CAHPS ratings can significantly improve seniors’ safety and quality ...

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Avoid Wasting Money on Unsafe Dating Apps

There are many dating apps today that promise convenience, cost savings, and an undamaged amour propre. There is no face to face rejection. But as it turns out, dating apps can be unsafe and can cost much more than just a membership fee. Looks over values Dating apps turn people turned into a catalog of products for one to flip through. What users find are dozens of profiles that don’t align with their standards and values. Whether these ‘matches’ are good looking or not, meeting them often turns out to be a disappointment. Stranger danger Dating apps are unsafe. Users don’t have any means of verifying the background of their matches. It is easy to get with someone who is not who ...

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6 Apps That Help Uber Riders Stay Safe

Uber claims the company does its best to keep riders safe. The app has features to let a rider share his or her trip information with trusted contacts. Family and friends can find out when their loved one should arrive. But going by the horror stories on the news, these measures are not enough. Uber passengers and drivers are at risk of physical and sexual assault during a trip. A few safety apps have emerged, and they seem to be worth their salt. They help keep Uber riders safe. Here are the 6 apps that help uber riders stay safe: Kitestring Kitestring works on smartphones and feature phones. This app sends SMS to check up on a user at select intervals. If ...

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