Other Settlement Planning Topics

How to Choose a Trustee for a Settlement Protection Trust or a Special Needs Trust?

When a client receives a settlement, they often need a trust to protect the money. It could be a settlement protection trust or a special needs trust, depending on the client’s situation. Attorneys often ask us who should be the trustee of the client’s trust. Option...

What Happens When a Past Client Decides to Sell Their Annuity

It’s common for some clients to ask their attorneys if it is possible to sell their structured settlement annuities which have been established years prior. Annuity holders are legally allowed to sell their annuities. However, Internal Revenue Code section 5891 and...

What Are the Special Needs Trust Distribution Guidelines?

Clients often ask us about the distribution guidelines of a special needs trust. Clients who will benefit from a special needs trust are most likely receiving needs-based government benefits like SSI and Medicaid, so it is a good idea for them to understand the items...

How to Protect Clients From a Large Tax Bill in Taxable Damage Cases

Here at Amicus Settlement Planners, most of the calls we receive are for case settlements that are based on a personal physical injury. But every now and then we get calls for a taxable damages case. Taxable damages lawsuits include cases involving breach of...

What Happens When a Past Client Decides to Sell Their Annuity

It’s common for some clients to ask their attorneys if it is possible to sell their structured settlement annuities which have been established years prior. Annuity holders are legally allowed to sell their annuities. However, Internal Revenue Code section 5891 and state Structured Settlement Protection Acts govern the process for people who...

What Are the Special Needs Trust Distribution Guidelines?

Clients often ask us about the distribution guidelines of a special needs trust. Clients who will benefit from a special needs trust are most likely receiving needs-based government benefits like SSI and Medicaid, so it is a good idea for them to understand the items that special needs can pay for. Due to the vast number of items that special...

How to Protect Clients From a Large Tax Bill in Taxable Damage Cases

Here at Amicus Settlement Planners, most of the calls we receive are for case settlements that are based on a personal physical injury. But every now and then we get calls for a taxable damages case. Taxable damages lawsuits include cases involving breach of contracts, discrimination, sexual harassment, defamation, fraud, whistleblower, or...

How Can Attorneys Protect Clients with Annuities from Factoring Companies?

Past settlement recipients who elected to receive all or a portion of their settlement funds via a structured settlement annuity might be tempted to sell their annuity payments to factoring companies (more commonly known as “cash now” companies). These companies often purchase annuity payments for pennies on the dollar, leaving your past...

Who Qualifies for a Special Needs Trust?

Personal injury attorneys frequently call our office and ask who qualifies for a special needs trust. There are 3 requirements for an individual to be eligible for a special needs trust:  The client must be 64 years old or younger.The client must be deemed disabled by the Social Security Administration. The client should be receiving either...

Other Annuity Options Aside from Structured Settlement Annuities

In a settlement situation, typically when annuities are discussed, the focus is on structured settlement annuities. A structured settlement annuity is a very basic product: Money is placed into the annuity, clients and attorneys decide at the time of settlement the timing and amounts of when the future payments will be made. Once a structured...

Setting Up a Settlement Trust for a Competent Adult

In most competent adult settlement situations, it is common for attorneys to feel that competent adults can make decisions for themselves, so they settle a case, give the client the money, and hope for the best.  In some cases, clients are savvy enough to find a financial advisor or do their own investing and make wise financial...

Considerations Before Terminating a Special Needs Trust

If you set up a special needs trust for a disabled minor who is receiving Medicaid and SSI, what happens to the money inside the special needs trust if that minor gets to the point where he/she is well enough to work and generate income, and therefore lose his/her eligibility for SSI?  Can you terminate the special needs trust and send...

Contact

Let Us Help You

Our goal at Amicus Settlement Planners is to be the premier, comprehensive resource for personal injury attorney for all of the financial and legal issues that arise at the time of settlement.

We'd love to explore how we can help you and your clients.