A Settlement Planning “Commencement” During the past month, despite the cancellation of almost all in-person graduation ceremonies, the internet has been filled with virtual commencement speeches for the Class of 2020. Although most of these online orations have some general applicability, none seem particularly relevant to structured settlement graduates. And perhaps for good reason: there are no...
The Keys to Success for Multi-Million Dollar Verdicts What are the keys to success for nation’s leading personal injury trial attorneys – those elite plaintiff attorneys who consistently win multi-million-dollar verdicts on behalf of their clients? That answer to that question presumably motivated more than 6,000 individuals to register for a May 15, 2020 webinar,...
3 Questions to Ask When Considering a Structured Settlement Depending on your level of familiarity with structured settlements, there are certainly more than three questions you should ask, but we believe asking these questions should help you gain a good enough understanding to decide if a structured settlement is a good option for you. Question...
Structured settlements offer many benefits compared to a lump sum settlement. One of the most important advantages is the option of receiving lifetime benefits. With lifetime structured settlement payments, unlike a lump sum settlement, it is impossible to outlive your settlement award. This priority for long term security is exactly what led to the creation...
Independent Life recently had the opportunity to play a critical role in the resolution of a complex claim that had been going on for over 6 years. Overview: Hector, a 40-year old construction worker, fell 30 feet from the roof of a warehouse and suffered severe brain and spinal cord injuries. The accident has left...
Since it was first published in 1986, “Structured Settlements and Periodic Payment Judgments” (S2P2J), has provided structured settlement stakeholders with an authoritative reference guide, consisting of 16 chapters with extensive footnotes and Appendix documents, to help them understand historical development as well as current issues and fashion settlements and judgments utilizing periodic payments. Both the National Structured Settlement...
What is the difference between a “qualified” structured settlement and a “non-qualified” structured settlement? When describing a structured settlement, the terms “qualified” and “non-qualified” generally refer to “assignments” and IRC Section 130. The primary tax difference, from a structured settlement recipient’s perspective, is that “qualified” structured settlement periodic payments are excluded from income tax whereas...
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