I've just returned from the CAOC seminar in Maui where I was the Program Sponsor and had the honor of speaking on deferred attorney fees. While there, I heard many informative speakers. One session that really stood out was by Brett Schreiber, a partner with Thorsnes Bartolotta McGuire LLP. His topic was "Litigating Traumatic Brain Injury Cases."
Prudential recently shared videos of individuals who have experienced traumatic injury—either to themselves or to family members. They show how structured settlements made a difference in their lives. The videos were produced by Prudential with the help of the Structured Solutions Leadership Council
Legal fee structures are now viewed by the IRS as vanilla in character. The IRS may not have liked them, but the Service’s ardor has changed materially since the Childs decision.
Attorneys often ask me, "When is the best time to bring in a structured settlement broker to a case?" The short answer is early.
Using structured settlements in personal injury cases is common. Use a resolve in workers’ comp claims where an employee is permanently disabled- less so.
The National Structured Settlement Trade Association (NSSTA) recently issued a memo* discussing the selling of factored structured settlements payments ("recycled payment rights") as investment vehicles or as a means to fund future settlement payments.
A new investment product is showing up at settlement conferences. Often referred as “refactored annuities” or “secondary market annuities,” these are made up of structured settlement payments that have been previously transferred by an injured party to a factoring company, and then either sold individually, or are pooled and sold as repackaged structures in the secondary market.
Pacific Life’s Index-Linked Annuity Payment Adjustment Rider sets payments based on positive S&P 500 Index returns. When the S&P 500 Index increases over a 12-month period, the injured party’s payments can increase in a range from 1 percent to 5 percent.
Will Lindahl, director of CPT, has put together a chart that concisely explains the differences between an Individual Special Needs Trust and a Pooled Special Needs Trust. Knowing these differences can be critical for the financial future of the injured and their families. Comparing the Differences Notice that the Individual SNT may only be used
The business model for a litigation law firm is often fraught with uncertainty — periods of big wins and big payouts as well as slow times with little or no income. One tool to even out cash flow, better manage the ups and downs of a litigation practice and prepare for an attorney’s future financial needs is structured attorney fees.
