Chances of disability

How likely are you to experience a disability in your life?

If you are young and healthy, you probably think of disability as a thing completely removed from you, something others suffer from and will suffer from. Disability happens at birth, or disability happens to the elderly, you might say, it doesn’t happen to young people with their whole lives ahead of them.

The fact is, though, you are at a greater risk than you think. Take a look at these statistics on this lawyer’s page. The first one that jumps out at you is the fact that anyone under 45 has a 1 in 4 chance of suffering from a disability at some point in their lives. Think of yourself and your closest three friends: one of you will suffer from a disability at some point.

That makes disability feel more personal, doesn’t it?

Of course, your chances are higher in some professions than in others. In construction, the likelihood is an astounding 20 percent. If you aren’t looking to go into construction, that doesn’t mean you don’t have anything to worry about. Even professional workers have a 7 percent chance of serious illness or injury.

Okay, so you may have a potential disability ahead of you: what are you likely to be dealing with? Well, again, looking at that lawyer’s page, you’ll find almost a third (30 percent) of all disabilities are musculoskeletal disorders. That makes sense when you think about how many people sustain back injuries and neck injuries.

Beyond that, though, there’s still a high chance of nervous system and organ trouble (14 percent) and cardiovascular disorders (12 percent).

These problems are obviously severe, and they often affect your long-term ability to work. If that’s the case, you will be in a very bad situation without long-term disability insurance. Even then, though, it’s clear that not every claim is immediately accepted. Sometimes, lawyers have to be brought in to wrestle payments out of the insurance company just to get the money that will allow you to live.

This is all very bleak and upsetting information, but it’s important to think about such problems now while there is time to prepare. Be sure to get long-term disability insurance, even if you are young and strong at the moment. At the same time, document any health issues that develop in the course of your life. The more documentation you have of your health, and potential lack of it, the better shape you’ll be in to be approved by your insurance, should that moment arrive.

Finally, crucially, be careful. Be attentive to what you are doing. Even if you feel like it now, you are not invincible. Being careful and thorough in your actions and avoiding unnecessary risks will reduce the chance you are on the 1 in 4 to have to deal with these problems.

And no matter what, be grateful for the health you have today.

Learn More

Great Birthday Parties aren’t just for Kids

Kids are not just the ones who can have birthday parties and not be awkward about them. Even adults deserve birthday parties, more so now that they have the money, time, and connections to make them on their own.

But what makes a great birthday party for adults? Well, they are quite different from what you would expect from a kiddy party.

Unique Venue

You are not a kid anymore. You can afford a venue that is more exciting than your living room, backyard, or your school gym. One of the factors that make a party awesome is a cool venue. It doesn’t have to be so expensive just to impress your guests. You can opt for VIP rooms in reputable bars. If you want something more exotic, you can try aquariums, castles, and even gardens.

But you can also go all out. According to the website of the Anita Dee Yacht Charters, a yacht can be used for social events such as birthday parties. So, you have that as an option. Other nice options include ballrooms and hotels.

Interesting Theme and Decors

You can pair the unique venue with an interesting theme and appropriate decors to complement them. Like the venue, you don’t have to be over the top with this one, but it will be nice to capture the notice of your guests by having interesting elements around.

These give the impression that you are serious in making the party as authentic and interesting as possible, so the guests hardwire their brains to have a good time – which is the secret recipe of having a good time.

Your theme and décor can go from elegant to wild, depending on the venue and the atmosphere you want in your party.

Appropriate Music

A party is just a meeting without music. Music is one of the many elements that make a party lively and interesting. It can be approached in two ways – you can either search for music yourself or hire a DJ. The decision will depend on the venue and convenience.

Music can also be a tricky thing. Don’t be too consistent with the lively music. Don’t be afraid to play with different tones. You can start with lively music, tone down a little during dinner, tone up a little after eating, and go full dance music the rest of the night. Having appropriate music for each part of the party can control mood.

Good Food and Drinks

What’s a party without food and drinks? These are the backbones of an adult birthday party. Though you should consider the theme to determine the appropriate food and drinks, you should also consider the preferences of the guests. These are your friends, so you would know if they would prefer barbecue over seafood. But since you are renting a venue, it is likely that it can also help you with the food.

Also, don’t disregard plates, serving platters, and chafing dishes, as they don’t just make the food serviceable, they can also contribute to the theme, and make your party more dynamic and planned.

Learn More

Federal Laws that Firms and Their Brokers must Follow

In 2003, a stockholder of the biopharmaceutical company ImClone Systems was convicted of insider trading due to her selling of her stocks after a broker at Merrill Lynch informed her that the chief executive officer (CEO) of ImClone Systems sold all of his company shares. The convicted stockholder made an early sale, selling 4,000 shares of her stocks which saved her losing as much as $45,673. Punishments for her conviction included payment of a $30,000 fine and five months imprisonment.

The crime insider trading refers to the unfair practice of making investment decisions based on undisclosed (not yet made public) information about a company’s securities or stocks. An insider has access to valuable non-public information on stocks or other securities of the corporation. It can either be a person (like a broker, a client, a key employee, an executive, a director or a major owner of stocks) or an entity (such as bank, a law firm or a government institution). There are two reasons why insider trading is illegal: it gives tipped individuals market advantage over common investors (this weakens the sense of fairness in investing); and, it violates the trust investors place in the securities market.

Not all acts of insider trading are illegal, though. Its legal version is when corporate insiders, officers, directors, employees and large shareholders, buy and sell stock in their own companies. When corporate insiders trade in their own securities, they must report their trades to the SEC.

To determine illegal insider trading activities, the SEC monitors the trading volumes of stocks. Volume of stocks usually increases after information on company securities is released to the public. If volumes increase dramatically, however, even when no substantial information has been released, this will be interpreted by the SEC as a warning flag. This will then be investigated by the SEC to find out if illegal insider trading was committed.

According to securities fraud lawyers of Erez Law, the Securities and Exchange Commission (SEC) and other organizations set federal regulations for brokers, investment advisers, and firms in the United States. A few of the federal laws that firms and their brokers must follow include:

  • Securities Act of 1933. This act requires brokers to give financial and other significant information about securities offered for public sale. It also prohibits misrepresentation, deceit, and fraud in the sale of securities.
  • Securities Exchange Act of 1934. This act created the SEC. The SEC has the power to oversee and regulate brokerage firms, ensuring they abide by the rules.
  • Investment Company Act of 1940. This act minimizes conflicts of interest between companies that engage in securities trading. It requires companies to disclose their investment policies and financial status to investors on a regular basis.
  • Investment Advisers Act of 1940. This act regulates investment advisers, requiring that any firm or sole financial adviser compensated for giving advice about securities investments be registered with the SEC.

These four acts describe a few of the dozens of laws that people and companies in the securities industry must follow. In addition to federal securities laws, every state enacts their own securities law. An attorney who specializes in broker misconduct will have a comprehensive list of all laws and regulations that brokers and brokerage firms must follow and can help you explore all your legal avenues. Contacting an attorney about your losses will give you a better idea of your recovery options.

Learn More

Hit-and-Run

A hit-and-run is the Illegal activity wherein an individual causes an accident yet refuses to stop and provide appropriate identifying information between him and the other participant of the crash. Rather than assume liability, the individual continues driving. According to Mazin & Associates, such individuals unfairly diffuse the responsibility of the accident to the innocent party. The term hit-and-run may conjure an image of an assailant fleeing the site of a major accident. This is not always the case. The underlying concept of a hit-and-run is not the extent of damage caused by the accident, but rather the action of fleeing the scene. In this way, if an individual performs a minor accident such as a small fender-bender or accidentally bumps into a parked car and fails to leave a note with appropriate personal and financial information, then he or she has engaged in a hit-and-run. Similarly, if you are the victim of an accident, and you do not disclose personal information to the wrongdoer, then you have committed a hit-and-run. In summary, anyone involved in an accident, whether the offender or the victim, is capable of engaging in hit-and-run.

When an accident occurs, the participants involved acquire the appropriate information i.e. insurance cards and personal contact information and, dependent on the state, they must alert emergency services. When an individual does not do this, then he or she must face certain penalties. The penalties from fleeing from a scene vary widely by state. The classification of hit-and-run are dependent on the damages accrued, some are felonies while others are misdemeanors. Again, the monetary penalties of a hit-and-run vary by state with some ranging up to $20,000. Apart from the financial consequences, the wrongdoer is also subject to suspension of his or her driver’s license for a specified amount of time dependent on circumstances of the accident as well as the state in which it occurred.

Learn More

What To Do If You Were Misclassified As An Independent Contractor?

For most employees, not getting the right wage is an injustice. You work hard for 8 hours and even work overtime if necessary only to end up not being paid the wage they deserved. This is a longstanding problem that has plagued the American workforce. The website of William Kherkher reveals that misclassifying a regular employee as an independent contractor leaves them out on many important benefits.

For many employers, such practice saves them a lot of money so that even if the employee should be treated as such under the law, companies are willing to break the law just to save some money. The US Department of Labor revealed that around 10 to 30% of employers misclassify their employees. IN four states that have conducted studies, it was found out that around 1.8 million workers were found to have been misclassified.

As an employee, what can you do to recover the wages you have lost? First, try to talk to your employer. Clarify with them your real classification with them. Explain to them that you think they have wrongly classified you as an independent contractor. After all, you deserve an explanation from them why they consider you as a contractor than an employee.

If talking to your employer does not solve the problem, get the attention of the IRS. You can ask the agency to determine your employment status for the purpose of taxation. You can file IRS Form SS-8 and there is no fee for doing so. Upon receipt of your complaint, the IRS will call your employer in order to determine what your status should be. The decision of the IRS shall be binding on the agency and not on your employer. However, non-compliance by an employer can have legal ramifications.

If you were fired or laid off by your employer, you can file for an employment insurance claim. Tell them that you were misclassified as a contractor. If after the investigation and the state unemployment agency deemed that you should be treated as an employee, you will be entitled to receive your backpay as well as insurance premiums.

Learn More