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Wednesday, February 25, 2009

Loans to Attorneys with Structured Fees

More and more attorneys are taking advantage of a new product available through structured settlement brokers and settlement planners – the structured attorney’s fee. In a nutshell, attorneys are able to take large fees over time instead of in a lump sum. Done correctly, this structuring will provide excellent financial and tax planning. “Bust or Boom” cycles can be evened out, and income taxes are only due in years when the payments are received. Structured settlement commentators like Jack Meligan, Mark Wahlstrom, and John Darer have discussed the rising use of "non-qualified assignments" for structuring legal fees and other non-personal injury damages.

What about liquidity if and when needed? What about the unplanned crises where more money is needed?

Settlement Capital can provide loans to qualified attorneys with structured fees. These are not governed by state structured settlement transfer laws or IRC 5891, so no court order is required (ordinarily). For more information, please watch this video interview with Mark Wahlstrom.

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