Contingency fee lawyers have the ability to defer fees in much larger amounts and without the administrative costs and headaches of qualified pension plans. Fixed and market based solutions are available and there no limit to the amount you can defer. Qualified plans have limits set forth annually in guidelines pursuant to IRC 415.
Fixed structured attorney fees give lawyers stable core income streams, backed by major life insurers issuing structured settlement annuities, or A trust comprised of United States Treasury Obligations, or a major international reinsurer, or private placements. Market based attorney fee attorney fee deferrals, are an alternative that has the potential to give attorneys something extra, for those who are willing to accept the inherent volatility. You can, but don't have to do one or the other. You can have more than one option as you build a portfiolio of deferred attorney fee income streams
How Do Market Based Structured Attorney Fees Compare to Annuity Funded Structured Attorney Fees
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As with an annuity-based structured settlement, the future payments must be fixed and determinable. Settlement dollars are allocated as $10 units and upon settlement, the plaintiff selects a future payment schedule that specifies the quantity of units to be included in each payment. The actual dollar value for each unit is determined by the performance of the underlying investment at the time of payment. Payment options include quarterly, semi-annually, annually, and/or lump sums. While lifetime payments are unavailable, payments can be scheduled through normal life expectancy. The defendant/insurer must agree to fund, execute a release including specific payment language, and complete an assignment agreement.
Be proactive and be sure your attorney retainer agreement addresses the possibility of attorney fee deferral. Add language to your existing contracts and make it a standard part of your retainer. Other rules may apply. Call us now at 888-325-8640 to discuss your attorney fee deferral needs.
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4structures.com, LLC
The Structured Settlements and Settlement Planning Company
43 Harbor Drive, #309 Stamford, CT 06902 USA
888-325-8640
646-849-1588
New York City (Manhattan, Bronx, Brooklyn, Queens, Staten Island), Westchester(NY), Nassau County (NY) , Suffolk County on Long Island (NY), Albany County (NY), Oswego County (NY), Steuben County (NY), Broome County (NY), Onondaga County (NY), Monroe County (NY), Fairfield County (CT), New Haven County (CT), Hartford County (CT) New London County (CT), Tolland County (CT), Litchfield (CT), Middlesex (CT) , Bergen County (NJ), Middlesex County (NJ), Ocean County (NJ)
Structured Settlement Experts and Settlement Planning Consultants for settlements from claims or lawsuits arising out of Aviation accidents, Medical Malpractice, settlements involving Serious Personal Injury, Wrongful Death, Wrongful Incarceration, Employment, Civil Rights, Discrimination of any type, Auto accidents, Motorcycle accidents, Maritime accidents, Workers' Compensation, Product Liability, Real Estate Liability, Construction Defect claims or lawsuits, Landlord/Tenant,
Property, Attorney Fee Deferrals, Funding Agreements, Structured Installment Sales, Environmental Liability and Commercial Dispute settlements.
Structured settlements and structured settlement brokerage, settlement planning, Sudden Money®, financial transitionist, funding agreements and insurance related services provided by 4structures.com LLC.
Financial Advisory Services provided through Groove Financial Advisors , LLC, and its service partners.
Fiduciary services, including the custody and administration of trusts provided via service partners.
Securities and Insurance Products are NOT Insured by the FDIC, nor by any other Federal or State Government Agency, are NOT a Deposit of and are NOT Guaranteed by a Bank or any Bank Affiliate, and securities MAY lose value.
4structures (USPTO Reg. 4640532) , 4structures.com (USPTO Reg. 4640531) , We Know Structured Settlements (USPTO Reg. 3089738),
Because Certain Sells (USPTO Reg. 6237309) and We Know Structured Sales (USPTO Reg. 3490489), are Registered Trademarks of 4structures.com LLC.
John Darer is a Registered Trademark of John Darer (USPTO Reg. 4674907)
John Darer California insurance license 0761076
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