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:
- Employment Litigation: Wrongful Termination
- Punitive Damages Stemming from a Physical Injury Claim
- Construction Defect: Class Action/Attorney Fees
In non-qualified assignment cases, structured settlement periodic payment obligations are transferred from the defendant or insurance company to an assignment company such as Met Tower Life, a U.S.-based entity.
The MetLife cases highlight the financial planning, guaranteed payment and tax planning advantages when plaintiffs use a non-qualified structured settlement. They also discuss defendant benefits:
- Helping avoid a possible trial and its associated costs
- Outsourcing liability management
Here’s a link to the case studies.
Please give me a call if you have questions about non-qualified structured settlements in general or a particular case.
Pat
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