Structured attorney fees can play a significant role in law practice financial planning. The ability to design a guaranteed income stream through structuring offers financial security and stability, while the income’s tax-deferred status can reduce overall tax burden.
Here is a guick video from Pacific Life about structuring attorney fees.
Pacific Life also has a booklet on fee structuring that provides more detailed information.
Consult with your tax professional to ascertain if a full or partial tax-deferred fee structure can help meet your practice’s financial needs. For more on structuring fees visit our structured attorney fees page and structured fees article base.