24.29.1202 ARM


Murphy v. Montana State Fund [03/09/10] 2010 MTWCC 6 The Court granted a lump sum conversion of PTD benefits to a claimant who planned to use the funds to purchase a feedlot.  The Court found that the claimant came to trial fully prepared, having identified a specific business to purchase, sought financial backing, and formulated a reasonable business plan.  The Court further found that the claimant had the expertise and ability to run the business he sought to purchase, that the claimant had provided sufficient information to satisfy the requirements of ARM 24.29.1202, and that the lump sum conversion would be in the claimant’s best interests.