Articles tagged with: SNT
Over the past 20 years, more than 50 percent of the structured settlements facilitated by Ringler Associates, a national structured settlements brokerage firm, were less than $50,000. Another approximately 17 percent were between $50,000 and $100,000. These figures are typical of most annuity brokerage firms.
Pooled SNTs use a state-approved master Special Needs Trust that is administered by a non-profit rather than an individual or a bank. In California, Medi-Cal allows the transfer of settlement funds into a Pooled Trust or (d)(4)(C) trust for individuals of any age.
Settling a case can be a cumbersome, time consuming and a frustrating experience for all parties. When the complexities of public-benefit programs such as Medicare and Medi-Cal are added to the settlement mix, it’s no wonder plaintiff attorneys seek assistance in understand¬ing the necessary legal measures required to ensure their settlements comply with the law and protects their client’s current and future interests.
We work with clients and attorneys in California and around the country in creating structured settlements for medical malpractice, personal injury, product liability, workers’ compensation, mass torts and construction defect cases as well as for non-physical injury cases and attorney fees–all at no cost to the client.
Age 65 and Over Settlements: Preserving the Elder Plaintiff’s SSI and Medi-Cal [CAOC Forum - Nov/Dec 2010]
Plaintiff attorneys face unique challenges when serving the needs of the injured elder population – those over the youthful age of sixty-four.
One difficult issue is that many elders qualify for and utilize needs-based public benefits like Supplemental Security Income
For some individuals, their disability is the result of a catastrophic personal injury or from medical malpractice. SNTs are often used together with structured settlements resulting from legal actions taken when these types of injuries occur. When used in tandem, SNTs and structured settlements offer complimentary benefits that can enhance the quality of life for severely injured plaintiffs and their families.