A structured settlement annuity is an excellent vehicle for those who are receiving a personal injury settlement and...
Structured Settlements
Are Structured Settlement Annuities Taxable?
One common question we get from annuitants or personal injury settlement recipients who are trying to decide how to...
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...
When to Consider Using a Qualified Settlement Fund
A qualified settlement fund is a court-overseen settlement tool that receives settlement funds from one or more...
The Difference Between a Structured Settlement and a Fixed Income Annuity
When it comes to settlement plans, attorneys and clients are most likely familiar with a structured settlement annuity. It is one of the most popular annuities for settlement, primarily because of its tax-exempt nature. The downside of a structured settlement annuity is it has to be set up at the time of settlement. The client has to determine...
The Benefits of a Structured Settlement Annuity
A structured settlement annuity is an excellent vehicle for those who are receiving a personal injury settlement and want to receive income on a monthly or yearly basis. This article will go over the basics of a structured settlement annuity, and explain what makes this a valuable tool when allocating a client’s settlement proceeds. What is...
Are Structured Settlement Annuities Taxable?
One common question we get from annuitants or personal injury settlement recipients who are trying to decide how to allocate their settlement is: "Is a structured settlement annuity taxable? And is the initial amount that I get from the settlement taxable?". If the origin of the claim is based on a personal physical injury, Section 104[a][2]...
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...
When to Consider Using a Qualified Settlement Fund
A qualified settlement fund is a court-overseen settlement tool that receives settlement funds from one or more defendants. A qualified settlement fund then allows the plaintiffs the time and space needed to create a settlement plan that makes sense for them. A good example where plaintiff attorneys can consider using a qualified...
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...
The Mechanics of Setting Up a Settlement Trust
Here at Amicus Settlement Planners, settlement trust is a topic that we often get asked about. People usually want to know: "What are the mechanics of setting up a settlement trust, and how do we actually go about doing it? Does the defendant have to pay directly to the trust, or can it come through our IOLTA account?” This article explains...
How to Allocate a Plaintiff’s Settlement
Many people often ask us, "What do you mean when you say settlement planning?" Basically, settlement planning is the process of deciding how to allocate a plaintiff's settlement. The 4-bucket approach to settlement proceeds planning involves allocating the funds between four different financial “buckets” — and figuring out how much of the...
How to Reduce Your Non-Personal Injury Client’s Tax Bill
As most plaintiff attorneys are aware, using a traditional structured settlement annuity in a personal injury case can significantly reduce your personal injury client’s tax bill because the principal and interest in the annuity are tax-free. However, in instances that are not governed by Section 104(a)(2) — meaning, in cases that are not...
The Menu of Structured Settlement Annuity Payout Options
When we work with personal injury attorneys and their clients and discuss options for settlement proceeds planning, one common topic we discuss is the payout options of structured settlement annuities. The Flexibility of Structured Settlement Annuities One concept we use to explain annuities is to compare an annuity to concrete. When you set...
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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.
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