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    • Resources for Attorneys
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Clients Can Keep More Assets While Still Qualifying For Medi-Cal Benefits

By Patrick C. Farber On April 12, 2023 · 9:04 AM · Add Comment

During the past few weeks, I’ve received calls from attorneys and clients asking whether the Medi-Cal asset cap is still at $2,000. Thankfully, the cap has increased dramatically because of wording in California’s 2022 budget.

As of July l, 2022, California increased the cap to $130,000 with an additional $65,000 per family member living in the household. Assets in Medicare Set-Asides (MSAs) are not counted [...]

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Article image from an article Multiple Uses For Non-Qualified Annuities by Patrick McNulty

Multiple Uses For Non-Qualified Annuities – Patrick McNulty

By Patrick C. Farber On March 29, 2023 · 5:36 PM · Add Comment

An often-underutilized structured settlement product is a non-qualified annuity. The annuity options are many and can be used in settlements involving employment litigation, contract disputes, environmental claims, punitive damages and other legal matters.

Freedom Income Annuity. The Freedom Income annuity from Symetra Financial allows the annuity holder to defer non-qualified monies to future dates, such as the age of majority or at retirement. The fixed [...]

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Post title photo for Patrick Farber's website post Most Americans Unprepared Financial Crisis

Suze Orman: Most Americans Unprepared For Financial Emergencies

By Patrick C. Farber On February 28, 2023 · 10:08 AM · Add Comment

Suze Orman, a long-time investment pundit, is sounding the alarm that many Americans are one emergency away from a financial crisis. In fact, a Federal Reserve survey noted that a $400 unexpected expense would cause financial hardship for 32 percent of American families. Coupled with today’s rising inflation, a large unexpected expense can be devastating.

Our current financial climate makes structuring a settlement [...]

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Graphic announcing the post titled Tax Efficient Benefits of Structuring an Employment Settlement: New MetLife White Paper

Tax Efficient Benefits of Structuring an Employment Settlement: New MetLife White Paper

By Patrick C. Farber On February 1, 2023 · 2:10 PM · Add Comment

A new MetLife white paper, “Structuring an Employment Settlement: A Tax Efficient Solution,” provides an overview of structured settlements and their benefits in employment-related settlements. It compares the different tax obligations of a lump sum payout versus a structured settlement in employment cases. It then provides the steps to create a structured settlement and includes case examples.

Written for both plaintiff and defense employment [...]

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Household Debt on the Rise - by Patrick Farber (Title Image)

Household Debt On The Rise

By Patrick C. Farber On November 17, 2022 · 9:52 AM · Add Comment

The Federal Reserve recently reported that household debt increased by $351 billion in the third quarter of the year—at its fastest pace in 15 years. Higher mortgage and credit card rates and overall inflation are making everything more expensive. Injured parties can offset some of the effects of rising prices by including an inflation component in their structured settlement.

COLA Annuities. Cost of Living [...]

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Image showing post title Special Needs Trusts And Their Impact On Section 8 Voucher Eligibility

Special Needs Trusts And Their Impact On Section 8 Voucher Eligibility

By Patrick C. Farber On October 21, 2022 · 3:54 PM · Add Comment

Special Needs Trusts (SNTs) are often set up to protect an injured party’s SSI and Medicaid payments. Settlement assets placed in an SNT are not counted when determining government assistance eligibility.
The eligibility rules are different, however, for HUD Section 8 housing assistance. Unlike SSI and Medicaid criteria, qualifying to receive assistance with rent payments is based on income, not assets.

It’s Tricky. If [...]

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Fed continue to raise interest rates graphic

Fed Continues to Raise Interest Rates

By Patrick C. Farber On September 29, 2022 · 3:06 PM · Add Comment

Last week, the Federal Reserve increased interest rates by 0.75 percent–the third time this year. Another rate increase is expected. This means we’ll see mortgage and credit card rates move higher and stock market volatility continue. Not everything is bad news, however. There is a silver lining for personal injury claimants.

Rising Rates. Ten-year bond rates are at their highest since 2011. The same [...]

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MetLife Video Explains Structured Attorney Fees

MetLife Video Explains Structured Attorney Fees

By Patrick C. Farber On August 3, 2022 · 10:01 AM · Add Comment

If you haven’t considered structuring your fee, take two minutes and watch this informative video. It’s time well spent.

MetLife has come out with a new video about its Non-Qualified Assignment (NQA) annuity product that enables plaintiff attorneys to structure their contingency fees.

NQA Highlights:

Lower tax liability when compared to a lump sum payout Guaranteed annual income over the life of the structure [...]
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Structured Settlements Offer Financial Security in Volatile Times

Structured Settlements Offer Financial Security in Volatile Times

By Patrick C. Farber On July 12, 2022 · 11:57 AM · Add Comment

Anyone who owns investments tied to the stock market knows how brutal this year has been. The S&P 500 closed the first half of 2022 down nearly 21%. A high inflation rate, supply chain issues and the war in Ukraine all are contributing to the markets’ dismal showing.

Safe from market gyrations are the stable returns produced by structured settlement annuities. Annuity funds are placed [...]

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Medicare Set-Aside Funds No Longer Count Toward State Medi-Cal Eligibility and Asset Limits | Advocate Magazine

By Patrick C. Farber On June 15, 2022 · 2:30 PM · 1 Comment

NEW LAWS EFFECTIVE JULY 1 PERMIT DISABLED PERSONS TO KEEP MORE ASSETS WHILE STILL QUALIFYING FOR MEDI-CAL BENEFITS

California’s 2022 budget includes wording that dramatically increases the amount of assets a disabled person can retain and still be eligible for Medi-Cal coverage.

Previously, California (as with all other states), would cap a disabled individual’s assets at $2,000 (not including a home or vehicle) to qualify [...]

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Recent Posts

  • MetLife Brings New Non-Qualified Flex Agreement to Market

    MetLife Brings New Non-Qualified Flex Agreement to Market

    August 11, 2026
    MetLife’s Non-Qualified Flex Agreement (NQA-FA) is now available. First announced …Read More »
  • Surge In Factory Job Cuts Highlight the Importance of Structured Settlements

    Surge In Factory Job Cuts Highlight the Importance of Structured Settlements

    June 24, 2026
    Factory job cuts are at their highest level since the …Read More »
  • Bill Protecting Sexual Assault Settlements From Taxes Heads To the Senate

    Bill Protecting Sexual Assault Settlements From Taxes Heads To the Senate

    June 2, 2026
    The U.S. House of Representatives passed the Survivor Justice Tax …Read More »

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  • Surge In Factory Job Cuts Highlight the Importance of Structured Settlements - Patrick Farber Structured Settlement Brokers on Patrick Farber
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Clients Can Keep More Assets While Still Qualifying For Medi-Cal Benefits
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