Plaintiff attorneys, this blog post is for you. You take care of your clients, but who’s taking care of your business? Believe it or not, a structured settlement can actually help both you and your client.
Attorneys may think of structured settlements as an outdated or unfamiliar settlement technique and most plaintiffs’ frame of reference for structured settlements is likely tainted by late night commercials offering “cash now!”
For the record, Independent Life opposes and is not involved in the re-sale market or in ‘factoring’ transactions. We are singularly focused on the primary market for structured settlements.
However, structured settlements are a reliable way for plaintiffs to accept their settlement funds and receive guaranteed future, often lifetime, periodic payments. Structured settlements can also provide benefits that allow attorneys to maximize their fees for current and future expenses.
Take advantage of the opportunity to spread your income and stabilize your average tax bracket from year to year by securing your attorney fees in a structured settlement.
- Provide a guaranteed source of future revenue to cover your operating costs with
guaranteed payments for business expenses such as payroll, office rent, marketing and advertising.
- Defer tax payments until you choose to receive your funds to potentially avoid a large fee being taxed at the highest marginal tax rate.
- Ensure a future for both your ﬁrm and your legacy.
With your business securely financed, you can focus on getting the best outcomes for your clients, free yourself from concerns about “making payroll” and provide the flexibility and staying power to pursue full justice for your clients.
If this sounds good to you, we hope you’ll download our helpful contingency fee checklist and let us know if we can be of any help!
Contact Courtney Barber below or email us at firstname.lastname@example.org.