Benefits of utilizing a plaintiff settlement consultant

Financial and government benefits preservation

Protection against premature depletion

Many recipients of large lump-sum payments spend most of the money within a few years. A settlement consultant can help a plaintiff develop a plan to prevent this "premature dissipation" by structuring payments over time.

Government benefit protection

For seriously injured plaintiffs, preserving eligibility for means-tested government benefits like Medicaid and Supplemental Security Income (SSI) is critical. A settlement consultant can assist in structuring the award, such as by using a Special Needs Trust (SNT), to protect these benefits.

Tax efficiency

Payments from a structured settlement for personal physical injuries are often completely tax-free. A consultant can help design the settlement structure to maximize tax-exempt portions of the award.

Cost savings

In cases involving Medicare, a settlement consultant can save a plaintiff money by structuring the Medicare Set-Aside (MSA) funds, potentially reducing the cost compared to a lump sum. 

Long-term financial security

Customized payment plans

A consultant conducts a needs assessment to create a customized settlement structure tailored to the plaintiff's specific long-term needs. This can include scheduled payments for medical care, education, or retirement.

Market risk protection

Structured settlements typically guarantee a rate of return. This shields the plaintiff from market volatility and prevents poor investment choices from diminishing their funds.

Financial stability and peace of mind

By designing a plan that ensures stable, long-term income, a consultant provides a plaintiff with financial security and reduces the burden of managing a large sum of money.