Since the explosion on the Deepwater Horizon oil rig, Gulf Coast residents have been the targets of aggressive advertising campaigns by law firms seeking clients for litigation related to the oil spill. Thomas Ruppert Esq., the Coastal Planning Specialist with the Florida Sea Grant College Program, has compiled a useful advisory for Gulf residents considering legal action against BP. Although Gulf Coast residents are entitled to compensation from BP and other responsible parties for certain losses, claimants should exercise caution to ensure initial actions do not affect future legal rights. You do not need to be in a hurry, because by law you have at least three years to file a claim. Taking time to weigh options carefully before acting will not result in lost legal rights. Acting hastily could limit your ability to secure temporary financial assistance. Click here to learn more details.