What Goods and Services Are Eligible for Special Needs Trust Distributions?

Disabled individuals who receive needs-based government benefits run the risk of losing eligibility if they accept a lump sum settlement. Fortunately, a special needs trust (SNT) may help the disabled individual maintain benefit eligibility while protecting their assets. The trustee of the special needs trust (e.g. a parent/guardian or a corporate trustee) is in charge…

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What Questions Should You Be Asking Your Client During Settlement?

  When an attorney works with a personal injury or wrongful death claimant, the ultimate goal is generally to maximize the recovery for the claimant. While a large recovery is certainly beneficial to the claimant, it may not always be the best idea for the claimant to accept the settlement proceeds in the form of…

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Are Structured Settlement Annuities Still Worth It?

When Congress enacted the Periodic Payment Settlement Tax Act of 1982, the Federal Tax Code was amended to provide special tax treatment for certain types of settlement proceeds. Proponents for the change had recognized the need to offer financial protection for individuals involved personal injury and wrongful death settlements. The revision to the tax code allowed…

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What Types of Cases Can Benefit From a Non-Qualified Settlement?

Structured settlements are a tool for claimants involved personal injury, wrongful death, and workers’ compensation cases. By structuring settlement proceeds into a series of periodic payments, claimants can take advantage of a number of benefits, including a long-term source of tax-free income. But what if your settlement isn’t from an injury case? Can you still…

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