Settlement Planning for Verdicts

In the intricate landscape of settlement planning, few situations are as demanding as verdict cases. These instances, where the plaintiff emerges victorious, are pivotal moments that demand astute decision-making. At AFG Settlement Planning, we have worked with firms across the country, assisting plaintiffs who have secured record-setting verdicts and verdicts that include punitive damages.

The complexity of verdict cases is often heightened by various factors. Federal estate tax planning, a critical consideration, becomes paramount when dealing with the large dollar amounts inherent in such cases. AFG Settlement Planning boasts extensive experience in navigating the complexities of federal tax regulations, ensuring that plaintiffs can maximize their awards while minimizing tax liabilities.

One of the most significant challenges in verdict cases revolves around the question of how to manage the awarded funds. Verdicts, under legal definition, are synonymous with constructive receipt. This term signifies that the plaintiff has gained control and access to the awarded funds. Once this constructive receipt occurs, the opportunity to engage in a structured settlement is no longer allowed. Additionally, verdicts should never be placed within traditional special needs or payback trusts. AFG Settlement Planning, with its wealth of expertise, provides invaluable insights on how to strategically handle these funds, ensuring that plaintiffs can protect their funds without compromising future benefits or triggering federal tax consideration.