Structured Settlements and Deferred Attorney Fees

Leveraging Structured Arrangements to Protect the Client, Facilitate Case Resolution, and Provide Tax-Deferred Benefits for Counsel

Recording of a 90-minute CLE webinar with Q&A

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Conducted on Tuesday, March 1, 2011

Recorded event now available

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Course Materials

This CLE course will provide a review of structured settlements, including 468B QSFs, and tax-deferred options for attorney contingency fee payments. The panel will explain how to use structured settlements to advance resolution of the litigation, protect the client, and provide tax benefits to contingency counsel.

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.

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Outline

  1. Structured settlements
    1. Personal injury cases
    2. Non-personal injury cases
  2. Qualified settlement funds
  3. Structured attorney fees

Benefits

The panel will review these and other key questions:

  • How do structured settlements assist counsel in advancing the case toward resolution?
  • What is the distinction between structured settlements in physical injury cases v. non-physical injury cases?
  • What are the advantages of deferred attorney fee arrangements, and when should counsel consider this option?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Brian Michaels
Brian Michaels
General Counsel
Brook Hollow Financial

Prior to working for Brook Hollow, he worked for Deloitte & Touche as a Senior Tax Manager, specializing in tax...  |  Read More

Christopher J. Princis
Christopher J. Princis
Senior Vice President
Brook Hollow Financial

He was one of the first resources to bring the tenancy in common investment strategy to the Midwest. He also has worked...  |  Read More

Robert W. Wood
Robert W. Wood
Partner
Wood & Porter

He has extraordinarily broad experience in corporate, partnership and individual tax matters. He has long maintained a...  |  Read More

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