info@independent.life
1-800-793-0848
Mosaic for iStructure
Have a life insurance policy insured prior to 2018?
 

Attorney Fee Structures

A smart way to manage and maximize income

ATTORNEYSStructuring your fees maximizes the amount of money you receive by spreading out your tax obligation

With taxes deferred until you receive payment, you can design an income flow that works for you or your firm.  Payouts, which include the earnings on deferred funds, may be taxed at a lower rate when payments are extended through retirement.

By structuring your fees, you can lock in a guaranteed stream of future income to match recurring business expenses such as payroll, office rent or marketing.  Payments can also be structured to fund future expenses like your children’s education or your retirement and may be issued directly to you or to your law firm.

Attorney Fee Structures Image

The benefits of structuring your attorney fees

Tax deferral until payments are received.

No administrative or management fees.

Option to have an annual cost of living adjustment.

Opportunity to designate your estate, law firm, spouse or children as the beneficiary for guaranteed payments.

Unique Financial Tools

Maximize your future income potential.

Fee structures provide a unique tool for income tax, financial and estate planning that’s available to you even when clients choose not to structure their settlement.  Unlike 401(k) plans, there’s no limit on the amount of fee income you can structure and no penalties for receiving funds prior to retirement age, which gives you the option to structure the entire amount or a portion.

Attorney fee structures are designed to minimize the impact of market volatility and maximize guaranteed future income.  And, with Independent Life’s next-generation Structured Fixed Index Annuity, attorneys can seek higher potential payouts, adding protection against inflation.

https://www.independent.life/wp-content/uploads/2020/08/independent-life-image_illustrations_01.png

Turbocharge your firm with our free resources

    Subscribe to our Newsletter

      Any discussion of taxes herein is for general informational purposes only and does not purport to be complete or cover every situation. Independent Life, its affiliates, its distributors, and its and their respective representatives do not provide tax, accounting, or legal advice. You should confer with your qualified legal, tax and accounting advisors based on your particular circumstances. All guarantees are obligations of Independent Life Insurance Company.