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By Patrick Farber

Articles and posts by Southern California Structured Settlement Broker Patrick C. Farber.

Structuring Non-Personal Injury Settlements through Liberty Life

Liberty Life Assurance Company of Boston (Liberty Life), based in Boston MA, developed its program to begin working with BARCO Assignments, Ltd. (BARCO). BARCO is a Foreign Financial Institution domiciled in St. Michael, Barbados. This exclusive partnership was formed when it was recognized that there are claimants with damages seeking to utilize structured settlements in disputes involving damages other than personal injury and workmen’s compensation. BARCO is not subject to the U.S. tax code and, pursuant to the U.S./Barbados tax treaty, may accept consideration for the assignment of taxable settlements without facing U.S. tax liability.

By |2017-01-03T09:51:41-08:00November 16th, 2016|All, Articles, By Patrick Farber, Structured Settlement Alerts, Structured Settlements|0 Comments
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Structuring a Catastrophic Injury Settlement

When someone suffers a minor physical injury and a settlement is reached, the settlement funds offer financial peace of mind until the injured individual can resume normal activities. When a catastrophic injury occurs – requiring medical and personal care – the settlement takes on a more vital role. Settlements must last a lifetime so that the injured individual receives medical treatment and can lead as normal a life as physically and emotionally possible. Each catastrophic-injury case is different, but there are similarities that are the basis for determining the type of structured settlement to create.

By |2016-10-13T16:01:41-07:00October 13th, 2016|All, By Patrick Farber, Injured Parties, Medical Malpractice Injury, Medicare Set-Asides, Personal Injury, Physical Injury, Sample Structures, Settlements And College Financial Aid, Structured Settlement Alerts, Structured Settlements, Tax-Deferred Structures|0 Comments
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Structuring Non-Injury Settlements

When most people think of structured settlements, they think of physically injured individuals, limited or unable to work, who must make their settlement last for years or even a lifetime. While this is true with most structured settlements, there are scenarios where a structured settlement may make sense for non-physically injured individuals - and for the defense. Even when cases do not qualify for tax-exempt status, the tax-deferred and financial planning aspects of the settlements could still make them worthwhile.

By |2018-06-01T14:02:21-07:00October 6th, 2016|All, Articles, By Patrick Farber, Featured Stories, Injured Parties, Structured Settlement Alerts, Structured Settlements|0 Comments
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Injured on the Job | Assuring a Sound Settlement

Successfully negotiating a monetary settlement in an on-the-job injury, discrimination, harassment, retaliation, wage and hour or other employment-related claim is the responsibility of all parties — both defense and plaintiff. If the litigation involves a physical injury, the settlement must insure that the injured worker can pay for day-to-day living expenses until able to return to work — or, when life-changing damages occur — to enable injured parties and their families to have enough funds to last a lifetime.

By |2016-04-14T08:03:06-07:00March 24th, 2016|All, Articles, By Patrick Farber, Featured Stories, Injured Parties, Personal Injury, Physical Injury, Structured Settlement Alerts, Structured Settlements, Workers' Comp|0 Comments
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Learning From the Sad Story of Former NFLer Clinton Portis

What happens when a young person, say in their early 20s, suddenly receives more money than they could ever imagine? Most likely, they'll spend it until there is nothing left. That's what happened to former NFL player Clinton Portis.

By |2016-01-12T17:51:00-08:00January 9th, 2016|All, Articles, By Patrick Farber, Featured Stories, Structured Settlement Alerts, Structured Settlements, Tax-Deferred Structures, Video|1 Comment
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CAOC Forum: TOP 10 Things to Remember When Creating a Structured Settlement

Details are important when it comes to structured settlements. So is timing. Counting down, here is the top 10 list of things to remember when creating a structure – for your client or for your legal fees.

By |2015-12-29T14:41:22-08:00December 23rd, 2015|All, Articles, By Patrick Farber, Medicare Set-Asides, Sample Structures, Structured Settlements, Tax-Deferred Structures|0 Comments
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Structuring Attorney Fees for Solo and Small Firms

A litigation practice, where most income is derived from contingency fees, is not for the faint of heart, particularly for solo and small law firms. While the eventual payout can be substantial, a firm can experience long periods where little or no income is generated. This can doom a small firm or solo practice without adequate reserves.

By |2015-07-30T14:40:32-07:00July 29th, 2015|All, Articles, Attorney Fee Structures, By Patrick Farber, Structured Settlement Alerts|0 Comments
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Structured Settlements 101

Structured settlements as we know them today came about in 1982 when the U.S. Congress passed The Periodic Payment Settlement Act of 1982 (Public Law 97-473). The act enables injury victims to obtain customized structured cash payments plans through insurance annuities that assure them guaranteed, tax-free income over time.

By |2015-06-24T13:37:01-07:00June 24th, 2015|All, Articles, By Patrick Farber, Featured Stories, Structured Settlement Alerts, Structured Settlements|0 Comments
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Using Structured Settlements : With Low Interest Rates, a Fixed Payout of Damages Over Time May Make Sense

Structured settlements have helped injured individuals and their families obtain financial security even in the face of lifelong medical challenges. According to the National Structured Settlement Association, more than 25,000 such arrangements are drawn up every year.

By |2015-04-01T16:28:01-07:00March 10th, 2015|All, Articles, By Patrick Farber, Injured Parties, Personal Injury, Physical Injury, Structured Settlement Alerts, Structured Settlements|0 Comments
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Traumatic Brain Injury – Expert Opinion Without The Expert Price

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."

By |2015-04-01T16:28:04-07:00December 15th, 2014|All, By Patrick Farber, Headlines, Injured Parties, Physical Injury, Structured Settlement Alerts|0 Comments
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