Structured Settlements

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...

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...

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...

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...

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...

Plaintiff Attorneys and Settling Clients Need Specialized Advice

Amicus Settlement Planners works almost exclusively with personal injury attorneys and their settling clients. For Plaintiff Attorneys. We work with personal injury attorneys for their own tax planning and investment planning to make sure they are not paying any more in income tax than they need to pay. We have products and services that are...

Maximizing Flexibility and Liquidity in Minor’s Cases

In a minor settlement situation, plaintiff attorneys will often first think about using a structured settlement annuity as the settlement planning vehicle for the minor. Annuities for minors can be a great solution. The annuities are backed by the largest life insurance companies in the world, the payment amounts and dates are fixed, and...

What are the Costs Involved in Setting Up a Special Needs Trust?

One of the most common questions that we often get from clients or attorneys that are thinking about establishing a special needs trust is: ” What are the costs involved in setting up a special needs trust?” What are the Initial Costs of Setting Up a Special Needs Trust? Initially, the legal fee to get a trust up and running can be anywhere...

Case Study: What Comprehensive Settlement Planning Looks Like

We are often asked: “What do you mean by comprehensive settlement planning?” It’s easiest to demonstrate the value of comprehensive settlement planning through a brief case study. In this scenario (based on an actual, recent case). We recently were brought in to help in a birth injury case where the baby received a substantial settlement. In...

Greg Maxwell’s Story — How and Why He Became a Settlement Planner

Greg Maxwell, Esq., CFP® is one of the founders of Amicus Settlement Planners. He focuses his practice on providing comprehensive settlement planning solutions for personal injury attorneys and their clients. In this article, Greg shares his path to settlement planning — and why he’s passionate about what he does. After graduating from Brigham...

Don’t Send a Client’s Settlement Check to a Family Member

One question we often get from attorneys that are working with clients that are on Supplemental Security Income (SSI) or Medicaid is this: “Can we send a settlement check to a client’s relative to preserve their government benefits? This client doesn't want to set up a special needs trust, and the client doesn't want to spend the funds down in...

When You Need to Worry About Constructive Receipt in PI Cases

What is Constructive Receipt? Constructive receipt is a doctrine — applicable only in situations where a structured settlement annuity will be used — stating that the settlement money is deemed received by the client when the settlement funds are deposited into the attorney’s trust account, even if the client has not physically received any...

Advantages of Using Annuities In Taxable Damages Cases

What is the Difference between Qualified and Non-Qualified Structured Settlement Annuities? What is a non-qualified annuity versus a qualified annuity? Most personal injury cases that use a structured settlement annuity are considered qualified structured settlement annuities. It's a tax term that delineates between the tax-free nature of the...

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