Structured settlement broker services are client driven. Brokers should be available whenever attorneys or their clients need them, even if it is after hours and on weekends. There is no cost to either side--plaintiff or defense. This works to the advantage of all parties. Attorneys should use brokers to the fullest and expect them to work as hard on a case settlement as they do.
The Centers for Medicare and Medicaid Services (CMS) recently sent an advisory to all NGHP Responsible Reporting Entities (RREs) stating that the date for first production NGHP Input Files has been moved from April 1, 2010 to January 1, 2011.
Clients choosing cash settlements assume the risks associated with their investments during both stable and volatile economic times. Clients requiring lifetime care and support usually do not have the luxury of being able to weather market ups and downs and fluctuating incomes, especially when unforeseen medical emergencies are part of life.
Structuring attorney fees is increasingly becoming part of a law firm or sole practitioner’s financial planning strategy. Not every fee is eligible and certain initial steps must be taken so the fee qualifies for its preferred tax status. Patrick Farber, a structured settlements broker at Ringler Associates in Southern California, talked with Mark Simurda, a CPA and tax partner with Lesley, Thomas, Schwarz & Postma, Inc., in Newport Beach about structuring settlement fees.
Patrick Farber Structured Settlements will be sponsoring the reception at the 2010 Tribute to Champions of Justice Dinner, Friday, October 1 at the Beverly Hills Hotel. Honored that evening will be Samuel A. "Skip" Keesal, Jr., founding member of Keesal, Young & Logan and Brian Panish, partner with Panish Shea & Boyle.
After passage by the California State Assembly and Senate, California Gov. Arnold Schwarzenegger on October 11 signed into law Senate Bill 510, which gives greater judicial oversight to prevent predatory practices involving structured settlement annuity buyouts. The new law is much needed and will help stop companies from preying on a very vulnerable segment of the population, says Patrick Farber, a structured settlement broker with Ringler Associates.
CAOC and myself thank Pat for his years of support for our organization and for this year's Platinum Business Friend sponsorship. His commitment to creating the best structured settlements for injured parties is commendable.
