How to Reap Long-Term Financial Benefits in a Taxable Damages Case: The Latest Options for Settlements Outside of the Realm of Physical Injury, Physical Sickness, or Wrongful Death

Most attorneys know that when it comes to physical injury settlements, traditional financial vehicles such as structured settlements are available to help preserve a client’s recovery.  What about non-physical injury settlements when the proceeds are taxable? There are several financial products that offer a variety of benefits for non-physical injury settlements and attorney fee deferrals, […]

Qualified vs. Non-Qualified Assignments: What Do They Mean for Settlement Proceeds?

When it comes to placing settlement proceeds or attorney fees in an annuity, claimants and attorneys may find themselves confused about the tax implications associated with the annuity payments. They may hear the words “qualified” and “non-qualified” discussed—but how do those terms relate to settlement proceeds? Structured Annuities: How They Work If a claimant decides […]

Answers to Your Top Attorney Fee Deferral Questions

As 2017 comes to an end, we’ve rounded up our most frequently asked questions about attorney fee deferrals. From choosing a payee to determining the tax consequences, here is everything you need to know to take advantage of a financial opportunity available only to contingent fee attorneys. How does an attorney fee deferral work? Attorney […]

Attorneys: Are You Minimizing Your Tax Obligations?

Today is the deadline to file 2016 tax returns and once again, you may have found yourself stuck with a large tax obligation.  Every year, thousands of attorneys pay more in taxes than they need to because they haven’t explored all of their tax minimization strategies. But did you know that lawyers who earn contingent […]

The Top 5 Reasons to Use a QSF

  A Qualified Settlement Fund (sometimes referred to as a 468B Trust or a “QSF”) is a tool for resolving mass tort settlements and other types of cases involving multiple claimants. There are a number of reasons why both plaintiffs and defendants favor using QSFs to handle multi-claimant settlements, including the time and tax benefits […]