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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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Patrick Farber Sponsors Black Women Lawyers Foundation Scholarship & Luncheon June 4th 2022

Black Women Lawyers Foundation (BWLF) 46th Annual Scholarship Fundraiser & Awards Luncheon | June 4th

By Patrick C. Farber On May 26, 2022 · 1:17 PM · Add Comment

For the 46th year, the Black Women Lawyers Foundation (BWLF) will hold its scholarship fundraiser and awards luncheon. The date is Saturday, June 4 and will take place at the Beverly Hilton Hotel.

Back in 1975 when the foundation began, there wasn’t an organization that addressed the distinct needs of Black women lawyers or young women who hoped to one day practice law. A group [...]

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Clarification on Medicare Set-Asides and Medi-Cal Eligibility

Clarification on Medicare Set-Asides and Medi-Cal Eligibility

By Patrick C. Farber On April 14, 2022 · 3:43 PM · Add Comment

In November 2021, Medi-Cal issued a memo clarifying its position concerning Medicare Set-Aside (MSA) funds and whether they are countable as income and property when determining an individual’s eligibility for Medi-Cal benefits.

Medivest, a provider of Medicare Secondary Payer compliance solutions to the workers’ compensation and general liability industries, recently prepared an overview of the Medi-Cal memo, including its impact on Special Needs Trusts.

[...]
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Big Jump In Medicaid Asset Limits Will Affect Eligibility

Big Jump In Medicaid Asset Limits Will Affect Eligibility

By Patrick C. Farber On February 3, 2022 · 10:53 AM · Add Comment

California’s 2022 budget includes funding that will drastically increase the amount of assets a disabled person can retain and still be eligible for Medicaid coverage.

Previously, California (as does all other states), would cap an individual’s assets at $2,000 (not including a home or vehicle) to qualify for Medicaid coverage. As of July 1, 2022, California will increase the cap to $130,000 with an additional [...]

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Case Studies Focus On Non-Qualified (Taxable) Settlements

Case Studies Focus On Non-Qualified (Taxable) Settlements

By Patrick C. Farber On December 17, 2021 · 2:48 PM · Add Comment
MetLife has just put together three case studies to help plaintiffs better determine whether structuring their non-qualified (taxable) settlement proceeds is right for them. Although there are many types of damage settlements that fall into the non-qual category, MetLife offers these case study examples...
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Recent Posts

  • Inflation-Protected Annuity Payments for Attorney Fees

    Inflation-Protected Annuity Payments for Attorney Fees

    April 9, 2026
    Pacific Life has put together a quick video on its …Read More »
  • Weathering The Economic Storm With Structured Annuities

    Weathering The Economic Storm With Structured Annuities

    March 20, 2026
    Skyrocketing gas prices and sinking investment portfolios are taking a …Read More »
  • Advantages Of Qualified Settlement Funds

    Advantages Of Qualified Settlement Funds

    December 30, 2025
    Attorneys Robert Wood and Alex Brown recently wrote an article …Read More »

Recent Comments

  • Are Settlement Damages Involving PTSD Tax-Free? - Patrick Farber Structured Settlement Brokers on Patrick Farber
  • Structuring Strategies Beyond Fees - Patrick Farber Structured Settlement Brokers on Patrick Farber
  • Join Us At CAALA Annual Las Vegas Convention-Labor Day Weekend - Patrick Farber Structured Settlement Brokers on Patrick Farber
  • Addressing FAFSA Challenges/Paying For College Through Structured Settlements - Patrick Farber Structured Settlement Brokers on Patrick Farber
  • Structure or Not To Structure Employment Settlements? Employment Lawyers Weigh In - Patrick Farber Structured Settlement Brokers on Patrick Farber

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