Settlement Tax Planning

The default assumption of the IRS is that money plaintiffs get from legal settlements is money that they have to pay taxes on. With proper settlement tax planning, plaintiffs can maximize the amount they keep after their legal settlement.

SETTLEMENT TAX PLANNING

Settlement Tax Planning Tools for Plaintiffs

There are two powerful settlement tax planning tools that can potentially double or triple how much of a plaintiff’s settlement money they get to keep after paying taxes.

Watch our videos below to discover how you can save tens or hundreds of thousands of dollars in taxes, and avoid paying Uncle Sam the lion’s share of your settlement.

Settlement Taxation

A Comprehensive Overview for Plaintiffs

In this video, Greg Maxwell discusses 7 tips to figure out if your legal settlement is taxable and, if your settlement is taxable, how you can maximize the amount you keep after your legal settlement by using two powerful tax planning tools: 

  • Structured Settlement Annuities
  • Plaintiff Recovery Trust

 

Essential Viewing

Top 10 Most Asked Questions About Settlement Taxes

In this video, Greg Maxwell addresses the top 10 frequently asked questions about the tax implications of legal settlements. This video covers crucial topics such as:

  • The Default Rule for Taxing Settlements
  • The Origin of the Claim Rule
  • Tax Implications of Personal Injury Settlements
  • Tax Implications of Employment Settlements
  • and more!

 

Additional Resources

Learn More About Settlement Tax Planning

To view more blogs and videos on settlement tax planning, click the button below.

one size does not fit all

Comprehensive Approach

While there are many positive aspects about settlement tax planning, our team of attorneys and planners will balance a client’s expectations, goals, and needs in order to allocate the settlement most effectively.

This includes balancing the advantages and disadvantages with what the plaintiff needs and wants for his or her future.

Contact

Let Us Help You

Our goal at Amicus Settlement Planners is to be the premier, comprehensive resource for plaintiffs and plaintiff attorneys 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.