Spousal IRA Rollover When Beneficiary is Estate
IRS Private Letter Ruling 201839905 Provides Rollover Relief IRS PLR 201839005 Provided Rollover Relief to a Surviving Spouse Where the Beneficiary was the Estate of the Decedent Spouse At the time of his 2017 death, Decedent was employed by State and was a participant in a qualified plan maintained by State. Under the terms of […]
Why Structure When I Can “Get” X% on a Money Market?
All is Not What Seems. Rate Only Applies to Small Balance Bank rate marketing hocus pocus. A 4% rate, on balances up to $2,000. Wowee! A Modern Day “Toaster” Incentive “Why structure when you can get X% on a money market account” blurted the financial adviser to his client. While barely lifting a finger to […]
Reasons to Delay Taking Social Security
A Structured Settlement Can Help in More Ways Than One By 2033. Social Security is projected to burn through its US Treasury bond portfolio leading to a reduction in benefits to 70% of current level A structured settlement can be used to replace the sums that a plaintiff would expect to receive from Social Security […]
Structured Settlement Yields Continue to Improve
Stimulus Leads to Gradually Rising Rates Highest 10Y US Treasury Since 2011 Rising interest rates are increasing yields on structured settlement quotes Bloomberg reports that ” the past week may be the one that blew the lid off yields in the world’s largest bond market, with the 10-year benchmark climbing the most in almost two […]
Homecare for Seniors Act | H.R. 6813
Bill Would Allow Qualified Distributions from HSA for Certain Home Care Expenses Home health aide with client What is Health Savings Account?A Health Savings Account (HSA) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible […]
Aretha Franklin’s Estate Planning Lesson
Icon of Icons Left No Will or Trust Aretha Franklin RIP Aretha Franklin, one of my favorite singers of all time, a woman who could move Heaven and Earth with her voice, who sang and taught us about R-E-S-P-E-C-T and left us with so many wonderful memories, apparently left no will or trust which would […]
Liability Medicare Set Asides (LMSA)
What is Current CMS Thinking About Liability MSA? Members of the National Association of Settlement Purchasers met with the Center for Medicare and Medicaid Services (CMS) recently to discuss what’s doing with Liability Medicare Set Aside Arrangements. Some highlights of the meeting as reported by my colleague Tom Stanley: CMS stated they have an 18-month […]
MetLife Structured Settlement for Minors
MetLife Now Requires Court to Approve Settlement Regardless of State Law MetLife announced today that effective July 31, 2018 it now requires a court order on all structured settlements for minors. MetLife states that it will not accept structured settlements for minors if the settlement has not been court-approved, regardless of any state statute granting […]
Prudential Structured Settlements “Can-Do”
Prudential Rated Ages Are Good For 12 Months Prudential Now Gives You 12 months To Get a Piece of The Rock With a Rated Age Life contingent structured settlement payments are cheaper if you have a rated age. It can also be said that each settlement dollar going to pay for lifetime medical needs goes […]
New York Personal Injury and Wrongful Death Mediations
What is the Client Experience of Settlement Mediations in an “Unsettling” Environment? Improve Clients’ Experience by Using a Certified Financial Transitionist New York personal injury lawyers can improve their clients’ experience by first engaging a Certified Financial Transitionist prior to and/or during settlement discussions The legal process is foreign to most people. While lawyers are […]