Structured Settlements and Deferred Attorney Fees

Description

Structured settlements are tax efficient, protect the recipient’s assets and prevent loss of money through poor investments. While structured settlements can be flexible, terms need to be resolved prior to signing the settlement agreement and they must be set up properly to meet IRC requirements.

Qualified settlement funds are tax qualified trusts for litigation settlement or judgment proceeds. QSFs can be instrumental for both plaintiff and defense counsel and to get complex litigation resolved. These trusts must meet state trust formation laws as well as IRS code requirements.

Structured attorneys fees allow counsel to defer receipt of contingent fees so that the fees are taxable only when received. These annuity payments cannot be accelerated, deferred or pledged as security, so early and careful planning for timing and amount received is critical.

Listen as our authoritative panel of attorneys and structured settlement specialists guides you through the various structured and qualified settlement arrangements and how these arrangements can be used to advance settlement goals.