LAWYER'S SECTION

AVOID BEING SUED

The National Structured Settlement Trade Association (N.S.S.T.A.) has recently reported a number of lawsuits being filed by a number of plaintiffs against their former counsel, for not offering a structured settlement as part of the overall settlement of their claims.

The lawyer who fails to discuss the structured settlement option loses forever the injured party’s opportunity to participate in one of the most significant tax advantages possible. The tax savings involved when structuring a tax-free settlement can result in sizeable differences in the disposable net income received by an injured person. The guarantee of steady and secure payments is of significant value to any plaintiff.