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"We're In This Together."
What Is a Structured Settlement?
A structured settlement is an agreement to settle a personal injury, wrongful death or environmental claim based on money to be paid upon settlement, together with the promise of future periodic payments specific as to amount and timing. What this means is that the plaintiff's claims are released in exchange for the promise by the defendant to make payments to the plaintiff. A structured settlement may or may not include an up front, immediate cash payment at settlement. It is assumed that all such structured settlement payments will be tax free to the plaintiff under section 104(a)(2) of the Internal Revenue Code.
Get to Know Your Structured Settlement Consultant
Tory Owens is a certified structured settlement consultant who works with attorneys throughout California to create structured settlement annuities for their clients. He focuses on plaintiff-oriented cases that stem from physical injury, child and sexual abuse, medical malpractice, mass torts, wrongful deaths, and attorney fee deferrals.
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Moreover, Tory provides support and advice during all settlement negotiations, court hearings, mediations, arbitrations, and settlement conferences at no cost to the attorney or client. In addition, he also handles the construction and implementation of Special Needs Trusts and Pooled Trusts.
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Practice Areas
Attorney Fee Deferrals
Plaintiff attorneys have the option of placing all or a portion of their contingency fees in different forms of tax-favored investments. By doing this, an attorney may also defer the tax obligation by electing to delay payment of fees until the year in which payments are distributed.
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Medical Malpractice
Medical negligence is the third leading cause of death in the United States. In some unfortunate cases, health care providers can do more harm than good. In this instance, injured patients or the families of deceased patients can sue for medical malpractice. A structured settlement is a common way to compensate family members who claim loved ones were victims of medical malpractice.
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Wrongful Death
Structured settlements are often distributed as repayment for personal and financial loss from claims of wrongful death and medical malpractice. A negotiated settlement is a reliable financial tool that distributes a steady stream of income to reduce financial debt and provide financial stability for plaintiffs and their families.
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Child & Sexual Abuse
Working with a structured settlement consultant you can trust, you’ll be able to focus on ways the settlement amount can make meaningful improvements in your life. As part of the settlement planning process, we go through the basics of financial planning, whether that be focusing on paying down student debt, planning to make a down payment on a home someday, or thinking ahead to retirement.
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Mass Torts
Mass tort settlements are structured in such a way that each individual's case facts are evaluated on its own merits, including exposure, causation, injuries, and damages. Each individual is able to make his/her own decision after hearing the terms of the proposed settlement.
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Personal Injury
Structured settlements provide a variety of advantages for beneficiaries.They can protect the person by helping ensure that the settlement award isn’t quickly depleted, which may be a danger if the family is not used to possessing significant assets or runs into future financial troubles. By providing a steady stream of income, structured settlements offer a layer of protection against poor investment decisions.
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Structured Attorney Fees
The structuring (or deferral) of Attorney Fees has been affirmed by the U.S. Tax Court in the case of Childs v. Commissioner of Internal Revenue, 103 T.C. 634 (1994). This ruling allows the combined power of 100% tax deferral and compound growth rates to work for the benefit of attorneys. Should you decide to take advantage of this powerful tool, Robert W. Johnson & Associates can help you determine the best approach to structuring your attorney fees.
Why Should You Consider Structured Attorney Fees?
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Lower Your Taxes and Increase Your Income: The 100% deferral of taxes on Structured Attorney Fees means your money grows and compounds faster to achieve greater pre-tax future income.
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Unlimited Contributions and Flexible Payout: Structuring Attorney Fees does not have an upper limit on the amount of money an attorney can contribute in any year. The attorney can contribute up to 100% of fees earned in any given year. In addition, you have full flexibility in deciding when and how you receive your payout.
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Plan for Future Financial Events: Structuring Attorney Fees allows you to plan for future financial events such as retirement, financing your children's college tuition, funding your practice or buying-out a partner.
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Smooth Sporadic Income Swings: Many times attorneys do not know when they will receive their fees from a settlement or a verdict. Structured Attorney Fees can provide the peace of mind that accompanies a guaranteed monthly income.
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Guaranteed Income and Long-Term Security: There is no need to worry about fluctuations in the financial market. The Structured Attorney Fee will provide guaranteed benefits at specific payment dates to assure you of financial security. Structured Attorney Fees are only placed with top rated insurance companies.
Client Testimonial
"Very knowledgable, kind, and wonderful to work with."
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- Melanie J.