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Featured structured settlement content from the Patrick Farber team.

Do Structured Fees Make Sense for Your Practice?

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.

By |2013-10-08T16:50:36-07:00February 10th, 2010|All, Articles, Attorney Fee Structures, By Patrick Farber, Featured Stories, Headlines, Structured Settlements|0 Comments
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Gov. Schwarzenegger Signs Senate Bill 510 – Will Provide Greater Protection to Structured Settlement Recipients

Instead of receiving lump sum payments for defendants after a usually life-altering injury, injured parties, under legal and financial counsel, often opt for structured settlements--where payments are spread over time through the purchase of insurance annuities. These annuities are designed to provide long-term financial security and stability to the injured or disabled party and their families. When payments are set up within a structured settlement, payments are tax-free for the life of the annuity. In addition, the settlement is designed so that the injured party or "well meaning" friends and relatives are not tempted to spend the settlement in a reckless manner. Studies show that up to 90 percent of lump sum payments are spent within five years or receipt.

By |2013-10-08T16:17:15-07:00October 13th, 2009|All, Featured Stories, Structured Settlements|0 Comments
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New Deadline Dates For Medicare Set-Aside Reporting

For the past six months, the government has been struggling to come up with new, stronger reporting procedures and deadlines designed to prevent Medicare from double-paying Medicare recipients who are already scheduled to receive payouts for their injuries or illnesses under workers’ comp, liability or no-fault insurance plans. It appears the procedures and deadlines are now in place.

By |2014-02-19T17:19:44-08:00June 9th, 2009|All, Articles, Featured Stories|0 Comments
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