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As the National Structured Settlement Trade Association (NSSTA) prepares to recognize its own 35th Anniversary during its upcoming 2021 virtual Annual Conference, it is also appropriate to note another important settlement planning development that occurred in 1986: the enactment of IRC 468B – with important regulations and revenue procedures added in 1993. What are Qualified...

If you market yourself as a “settlement planner”, or even consider yourself a “settlement planner”, how do you define “settlement planning?” During his presentation titled “Expanding Your Planning Network & Advanced Certifications,” featured as part of the recent Society of Settlement Planners (SSP) 2021 virtual Annual Conference, multi-credentialled settlement planner Joseph Tombs highlighted this issue,...

During a discussion of “Life Company Basics” featured as part of the recent Society of Settlement Planners (SSP) virtual 2021 Annual Conference, a question was raised, but not fully answered, about the privacy of medical records. Most structured settlement negotiations require information about the claimant, such as birth date and medical condition. The birth date is essential...

Because settlements represent voluntary agreements, neither plaintiffs nor defendants can be forced to participate in a structured settlement. Structured settlements initially were promoted exclusively by defendants and their insurers as a claim management tool. For many years, plaintiff and their attorneys lacked equivalent resources. Today, however, many plaintiffs and their attorneys insist they should be:...