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 […]

Is it Wise to Structure Non-Injury Settlements?

Structured settlements are typically associated with personal injury, wrongful death, and workers’ compensation settlements. The federal tax code permits income tax exclusion for structured settlements used in injury cases, but when it comes to non-injury settlements, are structures still a favorable option? Qualified Assignments vs. Non-Qualified Assignments When a claimant elects to place settlement proceeds […]

What Types of Cases Can Benefit From a Non-Qualified Settlement?

Structured settlements are a tool for claimants involved personal injury, wrongful death, and workers’ compensation cases. By structuring settlement proceeds into a series of periodic payments, claimants can take advantage of a number of benefits, including a long-term source of tax-free income. But what if your settlement isn’t from an injury case? Can you still […]