Structuring attorney fees has benefits: better money management of future expenses such as a child's education or your retirement, possibly lowering your tax bracket, guaranteed payments, and, as with injured-party settlements, receiving more money than if you had taken an initial lump sum payment.
The Centers for Medicare & Medicaid Services (CMS) announced it will soon introduce a web-based tool called Medicare Secondary Payer Recovery Portal (MSPRP) to help in submitting and obtaining information related to Medicare conditional payment recoveries (Medicare liens).
Berkshire Hathaway is a name we all know and trust. It recently re-entered the structured settlement arena in a big way, but many may not know that it also comes out on top in the reinsurance market. Berkshire Hathaway's reinsurance company, National Indemnity Company, offers investment vehicles in non-qualified, non-physical injury property and casualty settlements.
A New York trial judge recently urged the state legislature to introduce an amendment to the state's Structured Settlement Protection Act that would set a cap on the discount rate factoring companies could use when transferring payments from structured settlement annuity recipients. I believe California legislators should take notice and follow suit.
The Federal Reserve announced January 25 that it would keep its benchmark interest rate near zero until late 2014. Lets take a look at what these near-zero rates means for structured settlements.
Pooled SNTs use a state-approved master Special Needs Trust that is administered by a non-profit rather than an individual or a bank. In California, Medi-Cal allows the transfer of settlement funds into a Pooled Trust or (d)(4)(C) trust for individuals of any age.
