Attorneys

A Structured Settlement is a one-time opportunity exclusive to personal injury, wrongful death and Workers’ Compensation claim settlements to protect your personal injury clients throughout the course of their lives while providing financial stability and security with the intention of meeting their future goals.

Securing your client’s future provides an attorney with peace of mind knowing that their recovery will last a lifetime.

Since the inception of structured settlements in 1982, they have stood the test of time and are considered one of the safest options for personal injury and workers’ compensation victims.

Because a structured settlement can address a variety of complex financial and medical issues a structure may allow the plaintiff’s attorney to facilitate an early resolution. Injury victims differ from typical investors as most do not have the same risk tolerance, time horizon or discretionary income to invest their entire settlement in aggressive financial products. Their investment portfolio is typically less risk averse and geared towards producing conservative returns. A structured settlement is an ideal solution for the fixed income portion of their portfolio due to the fact it generates guaranteed tax-exempt returns.

Structured Settlements can benefit an attorney through an Attorney Fee Structured Settlement.

Structured Settlements are crucial in funding Medicare Set Aside Arrangements, Medical Trusts & Special Needs Trust

Medicare Set-Aside arrangements

The Centers for Medicare & Medicaid Services (CMS), a federal agency, allows for a Medicare Set-Aside to be funded over time using structured settlement payments versus a lump sum payment and is advantageous to the injured worker and the employer or its workers compensation carrier.

Medical Trust is for those not Medicare or Medicaid eligible, who do not have private insurance, or whose Workers’ Compensation benefits will cease at the resolution of their claim. A Medical Trust provides payments for medical care and durable medical equipment “DME” and can include educational needs for themselves or their children.

Special Needs Trust can preserve a plaintiff’s Medicaid benefits, but only if Medicaid deems them disabled. Structured Settlements used with Special Needs Trusts eliminates the need for the plaintiff to decide between one product or the other. Most Special Needs Trust Trustees prefer periodic payments from a structure flow tax-free into the Trust. (1) to establish a monthly budget and (2) to ensure there is a steady flow of income for a specific time or the lifetime of the plaintiff.

Statistics

According to the national endowment for financial education, about 70% of individuals who win the lottery, receive an inheritance, or personal injury award, likely file for bankruptcy within 3 to 5 years.

Essential Information

Personal Injury & Wrongful Death

A physical injury or the death of a loved one is emotionally and financially devastating and can affect every aspect of your life.

A catastrophic accident or medical mistake often leaves a personal injury victim disabled and impacts their earning capacity significantly. Their injuries prevent them from returning to the workforce and reduces their earning power. When the primary or sole income provider dies, the spouse may be forced to make major changes in their life, such as moving from their home because it is no longer affordable or not being able to pay for their child’s education.

A structured settlement can help ease these heavy financial burdens with guaranteed tax-exempt payment streams designed to provide long-term financial stability.

Workplace injuries can have a long-term effect on future wages and medical care. Structured settlements provide the injured workers with the ability to address these concerns by designing payment streams to replace all or part of their wages, provide payments for ongoing medical expenses, and family needs such as a child’s education.

Upon the death of a worker, typically, their workers’ compensation benefits end leaving the family without a source of income. Structured Settlements can offer a solution with guaranteed payments to the injured workers’ spouse or children. If a widow or widower remarries, worker’s compensation benefits will stop. However, a Structured Settlements allows the future payments to continue to them.

Structured Settlements are used to fund Medicare Set-Aside arrangements. The Centers for Medicare & Medicaid Services (CMS), a federal agency, allows for a Medicare Set-Aside to be funded over time using structured settlement payments versus a lump sum payment and is advantageous to the injured worker and the employer or its workers compensation carrier.

Mortgage/Rent Payments
Replacement, Supplemental, or Retirement Income
Medical Expenses
College and Educational Needs
Nursing Home Care
Daily Transportation
Living Expenses and Household Services
Vacation or Holiday planning
Scholarship funds in the memory of a deceased loved one

Life with Period Certain Annuity – provides equal payments to the plaintiff throughout their lifetime with a guaranteed period
Period Certain Annuity – provides equal payments for a guaranteed period
Guaranteed Lump Sum Payment – provides a predetermined payment on a specific date(s)
Joint and Survivor Annuity – provides equal payments to the plaintiff and spouse for as long as they both live with payments continuing to the survivor
Temporary Life Annuity – provides equal payments for a set number of years but only if the plaintiff is living.

Attorneys

Structured Settlements are crucial in funding Medicare Set Aside Arrangements, Medical Trusts & Special Needs Trust

Statistics

Essential Information

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