If you are set to receive a structured settlement or have any questions about this topic in relation to a personal injury or other civil case, Legacy Enhancement can offer the guidance you need. We provide professional and personalized structured settlement services to disabled individuals and the families of persons with special needs.
Call (888) 988-5503 or contact us online today to learn more about structured settlements.
Benefits of a Structured Settlement
A structured settlement may offer various advantages:
- Payments from a structured settlement do not count for income tax purposes.
- Income from a structured settlement will not affect eligibility for government benefits.
- Structured settlements offer significant flexibility in terms of payment amounts and duration.
- If the recipient of a structured settlement dies, a designated heir can receive any remaining payments, tax-free.
The amount and duration of structured settlement payments will vary on a case to case basis. At times, payments may increase or be supplemented by larger payouts. A qualified assignee will be designated to structure such payments and to purchase an annuity from an insurance company. Once the annuity is set, a lump sum may be set aside to fund a trust or cover attorney fees.
Structured Settlements & Special Needs Trusts
A structured settlement may be ideally suited as part or all the funding for a special needs trust for a disabled beneficiary, because of its tax benefits, ability to provide stable income, and guarantees from leading insurance companies. Using a structured settlement to fund a special needs trust can also keep administration costs lower, as only the assets in the trust will be subject to fees.
The Experience to Address Your Structured Settlement Needs
Learn more about protecting funds from a structured settlement and your options in establishing a special needs trust by involving Legacy Enhancement. From structured settlement management to special needs trust administration, we can tailor our services to fit your needs and goals. Protecting your assets and providing a better life for you and your loved ones are our primary goals.
Related Reading About Structured Settlements
Professionally managed and invested trusts
Capable of handling trusts of all sizes
Your family member or client will be cared for, no matter the size of the trust.
Ability to help maintain needs-based governmental assistance
Low trust establishment costs and maintenance fees