Other Settlement Planning Topics

Plaintiff Recovery Trust: How to Double or Triple a Plaintiff’s After-Tax Net Recovery

Two Powerful Tax-Saving Strategies for Taxable Settlements Are you an attorney or a plaintiff dealing with a settlement that will be taxable (meaning the plaintiff will have to pay income taxes on the recovery)? Are you concerned about the hefty tax burdens that can...

How Structured Settlement Annuities Help Plaintiffs in Taxable Cases

If you’re a plaintiff navigating a legal settlement, you may be wondering how much money you’ll actually get to keep after taxes and legal fees. Getting a legal settlement or judgment often sounds like you’ll be getting a windfall of cash. But you may be surprised…

Are Punitive Damages Taxable? Here’s What the IRS Says

If you’re involved in a lawsuit that may include punitive damages, you may be wondering, “Are punitive damages taxable?”. This is a great questions that many plaintiffs have when navigating legal settlements. In this article we’ll be…

Do You Pay Taxes on Lawsuit Settlements? 5 Common Examples

Settlement taxes can be confusing, and paying taxes on lawsuit settlements is a reality many plaintiffs face. In this article, we will walk through the tax implications of five common types of legal settlements so you can see which…

Are Settlements Taxable? A Comprehensive Overview for Plaintiffs

Some types of settlements are completely tax-free, while others get hit hard with taxes. And there are some significant pitfalls to watch out for. In this comprehensive overview, we’ll share seven tips and pointers for determining if your settlement is taxable. And if your settlement IS taxable, we’ll...

How to Establish a Structured Settlement Annuity For Your Client

A structured settlement annuity is a financial instrument that provides periodic payments over several years. Clients who want to maximize their settlement money might like to receive their settlement through a structured settlement annuity, especially to enjoy its tax-free benefit. A couple of additional steps in settlement planning exist...

How to Help a Past Client Get the Best Deal if They Want to Sell Their Annuity

Plaintiff attorneys may be approached by past clients with questions about whether it's a good idea to sell their annuity for “cash now” or how they go about selling either a portion or all of their structured settlement annuity. Occasionally, clients find themselves in a situation where they need access to cash for certain reasons. Their...

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