Settlements are often delayed by plaintiffs' tax and financial issues, to the detriment of both sides. Defendants don't get deductions fast enough. And plaintiffs rush life-changing decisions. Qualified Settlement Funds (QSFs) often solve both problems, allowing defendants to "walk away" while plaintiffs decide on the details. This presentation will walk through when and how to use QSFs, and what to watch for in selecting a QSF Administrator.
Key topics to be discussed:
QSF uses by plaintiffs and defense
Tax treatment and benefits
Preserving eligibility and discretion
Incorporating QSFs at settlement
Selecting a QSF Administrator
Date / Time: April 10, 2024
2:00 pm – 3:00 pm Eastern
1:00 pm – 2:00 pm Central
12:00 pm – 1:00 pm Mountain
11:00 am – 12:00 pm Pacific
Jeremy Babener | Structured Consulting
Jeremy consults for plaintiffs and plaintiff lawyers on settlement issues. He serves on the legal committees of the three national settlement planning associations, and previously served in the U.S. Treasury’s Office of Tax Policy.
Rachel McCrocklin | Eastern Point Trust Company
Rachel is Chief Trust Officer at Eastern Point Trust Company, a highly-respected trustee that offers all manner of settlement-related trusts. She regularly coordinates qualified settlement funds, plaintiff recovery trusts, and settlement escrow trust solutions. She consults on efficiencies and workarounds to make sure cases close quickly while preserving flexibility of settlement options, including structured settlements, attorney fee deferral, and lien resolution.
I. QSF uses by plaintiffs and defense | 2:00pm – 2:12pm
II. Tax treatment and benefits | 2:12pm – 2:24pm
III. Preserving eligibility and discretion | 2:24pm – 2:36pm
IV. Incorporating QSFs at settlement | 2:36pm – 2:48pm
V. Selecting a QSF Administrator | 2:48pm – 3:00pm