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Shortcutting Settlements with Qualified Settlement Funds

Jeremy Babener
Jeremy Babener
Structured Consulting

Jeremy consults for plaintiffs and plaintiff lawyers on settlement issues.

Rachel McCrocklin
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.

On-Demand: April 10, 2024

$95.00 1 hour CLE

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Program Summary

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

Closed-captioning available

Speakers

Jeremy-Babener_Structured-Consulting_myLawCLEJeremy 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_myLawCLERachel 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.

Agenda

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

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