Structured Settlement Annuities are a Great Solution for any Minor’s Settlements

Structured settlement annuities have long been recommended to aid those with catastrophic personal injuries in planning for their future. Using IRC Section 130 0F[i] periodic payments from a structured settlement annuity to fund Medicare Set-Asides and life care plans is common, but it isn’t the only type of settlement that can benefit from a tax-free investment vehicle. Using a structured settlement for a minor’s settlement is also a perfect type of case to settle with an annuity.

It is a parent’s worst nightmare to have their minor child injured in an accident. But what happens when a minor is injured and settles a personal injury claim? In 2019, more than 180,000 children were treated and released for injuries sustained in motor vehicle crashes, over 89,000

Three face charges over Chevy Chase company’s acquisition of lead poisoning settlements

Maryland’s attorney general has obtained criminal indictments against three men accused of making money as a Chevy Chase company obtained long-term settlements from victims of lead poisoning.

The men are accused of collectively giving the victims lump-sum payout equal to less than one-third of the estimated full value of the settlements.

Raffi Boghosian, 43, of Rockville; Charles Edward Smith Jr., 43, of Rockville; and Anuj Sud, 43, of Laurel, each face one count of theft scheme over $100,000 and one count of conspiracy to commit theft scheme of over $100,000.

Boghosian and Smith could not be reached for comment Tuesday. When a reporter tried to call Sud, the number was disconnected. Attorneys for the three men were not listed in the state’s court case database

How Structured Settlements and Trusts Work Together to Protect Your Client’s Recovery Long after the Settlement Ends

We hear the same thing from attorneys over and over: I secured a substantial recovery for my client, but I am concerned they are going to blow it. What can I do?

The reasons why they feel that way about their client vary. The client suffered a mild brain injury but isn’t legally incompetent. The client has a history of addiction or a gambling problem. The client has friends or family members who may try to take advantage. The client is not mature or financially savvy. The client is too nice and doesn’t know how to say no. The list goes on.

One method that takes care of clients in any of the above situations is to pair a structured settlement with a trust. A

How Lawsuit Structured Settlements Work

Unless you’ve been involved in a lawsuit, you may not know about structured settlements. You may have heard of them on late night TV. “It’s your money,” some TV ads will exclaim. “Cash in your structured settlement and use your money now!” These TV ads are from factoring companies that buy up lawsuit structured settlements, but how do you get one in the first place?

If you are a successful plaintiff in a lawsuit, your contact with structure settlements may be personal. You may have received one, be evaluating one now, or have considered one but opted for cash. Even if you already have a structure, you may not know how they operate and why they’re set up in the way they are. Structured settlements

Del. Stephen Heretick and Portsmouth judges diverted millions owed to sick and injured people

Portsmouth judges rubber-stamped agreements that let out-of-state firms represented by a Virginia delegate buy millions of dollars worth of payments owed to sick or injured people, sometimes for a fraction of their value, according to a federal lawsuit.

Del. Stephen Heretick and his clients say the deals were legal, approved after court hearings held in accordance with state law.

But in the lawsuit, a Southwest Virginia man and his attorneys allege the large number of cases filed in Portsmouth and the scant court review they received show a conspiracy between Heretick and “complicit judges” who sometimes approved dozens of agreements on a single day.

The case revolves around “structured settlements” that let people collect lawsuit payouts over many years. Sometimes, however, recipients decide they don’t

Scroll to Top