About Structured Settlements
Physical Injury Settlements
Workers’ Compensation
Structures for Attorneys
Non-Qualified Structured Settlements
Physical Injury Settlements
Workers’ Compensation
Structures for Attorneys
Non-Qualified Structured Settlements
Structures are Utilized in a Wide Range of Claims
Defendants are no longer limited by the IRS Code Section 130 (limited to personal physical injury torts and worker compensation claims filed after 8/5/97) as to what settlements can be assigned.
Defendants can now take advantage of non-qualified structure settlements to resolve:
Construction Defect
Directors & Officers
Discrimination
Employment Litigation
Environmental Ditigation
Errors & Omissions
Harrassment
Legal Malpractice
Non Physical Injuries
Punitive Damages
Wrongful Termination
Defendants are no longer limited by the IRS Code Section 130 (limited to personal physical injury torts and worker compensation claims filed after 8/5/97) as to what settlements can be assigned.
Defendants can now take advantage of non-qualified structure settlements to resolve:
Non-qualified Assignments
In November 2001, non-qualified assignment products were introduced to the market.
Non-Qualified Assignments allow settlements from a non-personal physical injury to be placed in a structure with guaranteed returns on a tax deferred basis with the insured being able to assign the obligation over to an assignment company. As opposed to a standard structure (physical injury) where the payments are received tax-free, taxes are applied to non-qualified structures, but paid only in the year received and only on the amount received that year. Allowing the client to grow settlements tax-deferred, and avoiding paying taxes on the entire large lump sum immediately.
