Planning Past the Payout: Financial Wisdom After an Injury Case with Michael Saile and Scott Edelman скачать в хорошем качестве

Planning Past the Payout: Financial Wisdom After an Injury Case with Michael Saile and Scott Edelman

When a personal injury case settles, most clients breathe a sigh of relief - but what comes next is just as critical. In this episode of The Injury Pros, host Michael Saile welcomes Scott Edelman, 30 year industry veteran and President of Edelman Wealth Management, to discuss how to create a financial plan that goes beyond the payout. Scott and Mike explore what happens when settlement checks arrive, the emotional traps that can lead to bad financial decisions, and the key steps to securing long-term stability. They dive into topics like budgeting after injury, building a sustainable financial plan, planning for future healthcare, tax considerations, and creating both protection and opportunity for clients and their families. Whether you’re an injury victim, attorney, or financial professional, this conversation provides actionable advice on turning a one-time settlement into lifelong security. Key Takeaways Why every injury settlement needs a financial plan. The importance of slowing down before spending. How to work with attorneys, CPAs, and financial advisors as one team. Protecting your money from taxes, inflation, and healthcare costs. Building a plan that balances immediate needs with long-term goals. How financial planning can provide peace of mind and family protection. Episode Highlights The “lottery effect” of injury settlements — and how to avoid the pitfalls. Why pre-settlement planning is as important as post-settlement investing. Understanding risk: market, healthcare, and longevity challenges. How to find and evaluate a trusted financial advisor. The role of education and financial literacy in protecting your future. Charitable giving and legacy planning as part of a comprehensive wealth strategy. Guest: Scott Edelman Scott Edelman is the Founder and President of Edelman Wealth Management, with more than three decades of experience helping clients plan for their futures. His firm provides wealth management, financial planning, and employee benefits consulting across the country, with a mission to bring clarity, security, and education to every financial decision. https://edelmanwealthmanagement.com [email protected] | 215-579-5601 Host: Michael Saile, Esq. Managing Partner at Cordisco & Saile LLC and host of The Injury Pros, Michael Saile is a nationally recognized personal injury attorney dedicated to helping accident victims. https://cordiscosaile.com | 215-642-2335 https://injurypros.com Disclosure: Securities and investment advisory services offered through Osaic Wealth, Inc. Member FINRA-SIPC. Osaic Wealth, Inc. is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth, Inc. 0:00 – Opening quote: Creating certainty in financial planning 0:26 – Meet Scott Edelman and Edelman Wealth Management 1:14 – What to do after receiving a large settlement 2:35 – Common pitfalls: the “found money” mindset 4:20 – Why clients should plan before the check arrives 6:30 – How to find and evaluate a trusted financial advisor 8:00 – Trust and relationship: why financial planning isn’t transactional 9:30 – Holistic family planning: balancing needs and wants 11:10 – Preparing for future medical and long-term care costs 13:20 – The importance of pre-injury planning (insurance, disability) 15:40 – Building certainty: protecting income and planning for longevity 18:00 – Structuring funds into short-, mid-, and long-term “buckets” 19:20 – The team approach: working with attorneys and CPAs 24:40 – The Edelman process: consultations, fees, and relationships 31:00 – Final advice: slow down, plan smart, and live your best life