Estate Planning for Settlements or Favorable Verdicts
Proper settlement planning can be an invaluable service to a client as a lawsuit approaches an end. Funds from a settlement or favorable verdict may greatly affect the status of your client’s assets and public benefits eligibility and have federal and state tax implications. Steps should be taken to maximize and safeguard the award to ensure your client’s financial future.
Settlement planning for clients who have been injured, or who have a family member who has been injured, often entails the use of a trust vehicle to hold the monetary award. Many trust options might be appropriate for a client, depending upon his or her individual circumstances. Below are summaries of three types of trusts commonly used in connection with settlements or verdicts for injured persons.
If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
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