Personal Injury Lawyers
Learn when a structured settlement should be considered, as well as what information a structure broker will require.
If your client has received compensation from a personal injury or death related claim, you should consider how best to ensure their financial security.
WHAT ARE THE BENEFITS OF
A STRUCTURED SETTLEMENT?
- Guaranteed tax-free payments
- Elimination of the risk of early dissipation
- Financial management without a fee
- Effectively judgement proof
- Not considered matrimonial property
WHAT ARE THE BENEFITS OF
A STRUCTURED SETTLEMENT?
- Guaranteed tax-free payments
- Elimination of the risk of early dissipation (vs a lump sum payment)
- Financial management without a fee
- Effectively judgement proof
- Not considered matrimonial property
WHO SHOULD CONSIDER A STRUCTURED SETTLEMENT?
- People unable to maintain employment
- People with future care needs
- People under the age of majority
- People who have been declared incapable of managing their property
- People who are near retirement age
- People who are currently in receipt of or may qualify for government funded benefits
- People who are financially unsophisticated
- People unable to maintain employment
- People with future care needs
- People under the age of majority
- People who have been declared incapable of managing their property
- People who are near retirement age
- People who are currently in receipt of or may qualify for government funded benefits
- People who are financially unsophisticated
HOW CAN A STRUCTURED SETTLEMENT PROTECT YOUR CLIENT’S GOVERNMENT DISABILITY BENEFITS?
A structured settlement is not considered income. It may allow your client to continue receiving government disability benefits. Please contact one of our Certified Structured Settlement Consultants to discuss the specifics of your client’s case.
LEARN MORE ABOUT STRUCTURED SETTLEMENTS:
As structured settlements versus a lump sum payment can be uniquely tailored to meet all needs, they should be considered in all cases where:
- People who are unable to maintain employment
- People who have future care needs
- People who are under the age of majority
- People who have been declared incapable of managing their property
- People who are near retirement age
- People who are currently in receipt of or may qualify for government funded benefits
- People who are financially unsophisticated
- People who exhibit high risk behaviour(s) and engage in high risk activity
- Claimant’s full name
- Claimant’s gender
- Claimant’s date of birth
- Date of loss
- Claim Number
- Type of claim
- Name of insurer(s) and insurer representative
- Policy limits and paid to date amounts
- Heads of damages to be evaluated
- Anticipated burn or spend rate
- Recent medical or para-medical reports dated within the last two years
- Illustration details (premium, term, guarantee or reversion details)
A series of periodic payment plans based on a specified funding amount. Learn more and the benefits of this over a lump sum payment.
- Pre-settlement consulting for Personal Injury Lawyers
- Pre-settlement reporting
- Real-time evaluative and illustrative support (at settlement meetings, mediations, etc.)
- Expert evidence (at arbitrations/trials)
- Post-settlement structured settlement consulting and brokerage
- Closing documentation support
- Educational seminars with Personal Injury Lawyers and clients
- We meet with the injured party and their families face-to-face, at their convenience, to develop a structured settlement payment plan that best suits their needs
- All services are provided at no-cost or obligation to any party
To get started on a structured settlement, ask questions, or obtain an evaluative or illustrative report, we invite you to contact one of our experienced and knowledgeable Certified Structured Settlement Consultants:
Barry Chobotar, H.B.Comm., J.D., CSSC
Managing Partner/Certified Structured Settlement Consultant
chobotar@henderson.ca
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John Welton, B.A., C.I.M., CSSC
Partner/Certified Structured Settlement Consultant
welton@henderson.ca
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