What is Settlement Planning?

Settlement Planning is a term that settlement planners commonly use, but is not a common phrase. Most people probably don’t know what settlement planning means.

Settlement planning encompasses everything that happens at the conclusion of a personal injury case. Our settlement planning firm is designed to help plaintiff attorneys take care of all the legal and financial issues that arise at the time of settlement.

Settlement planning includes:

  • Settlement proceeds allocation
    • Cash
    • Structured Settlement Annuity
    • Settlement Protection Trusts
  • Government benefits planning
    • Helping your clients understand the impact of a settlement on the benefits they and their family members are receiving
  • Special needs trusts
  • Medicare Secondary Payer Act compliance
    • Medicare Set Aside
    • MSA Opinion Letters
  • Lien resolution
    • ERISA liens, Medicaid or Medicare liens, and other health care liens
  • Estate planning
  • Health insurance planning
  • Attorney income tax reduction strategies (attorney fee deferrals)

 All of these legal and financial issues need to be considered at the time of settlement. There are some insurance brokers who can sell a structured settlement annuity, and there attorneys who handle special needs planning.

Our firm is unique because we’re not just a structured settlement annuity brokerage. Through our law firm (Tombs Maxwell LLP) we handle the special needs and government benefits issues. 

Through Amicus Settlement Planners, we provide investment management solutions, structured settlement annuities, and any other financial planning needs for both clients and personal injury attorneys.

We’ve set up our group of companies to be the personal injury attorney’s one-stop solution for all your settlement planning needs.

If you have any questions, feel free to give us a call at (801) 683-73627 or send us an email at [email protected]

 

 

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