Keeping the Lawsuit End in Mind

2 key points to stay focused on, as you are settling your lawsuit; a quick and fair settlement and consideration for current and future needs. The process of settling a lawsuit can be a tedious and mysterious event. Relying on your busy attorney to keep you informed can be an exercise in frustration. The entire process can seem as slow as molasses. Compounding the pain could be the financial and emotional difficulties caused by the source of the lawsuit itself.

On the other hand, legal representatives on both sides are contriving the fairest possible terms that both sides can find acceptable. Looking at the same problem from two different sides can generate two very difficult ideas of what is fair. Thus the negotiations can take more time than what would seem appropriate. But in most cases everyone is looking to complete the matter quickly and fairly. You will best serve your case by having reasonable expectations and demands, and being prepared to negotiate. I would recommend that you start high of course.

Planning for future needs is an important part of the settlement process. In some cases a set lump sum amount is the simplest and most efficient means of awarding and closing the lawsuit. Often a consequence of the case is some injury or need that a structured payout can best address. Children losing a parent, a worker losing the means to produce are just two of many examples of situations where future periodic lumps could be most advantageous. Monthly payments to help with regular financial needs, and periodic lumps to meet major life needs like college, home buying, retirement, etc.

There is also a belief that a lump sum up front gives the recipients the opportunity to invest on their own. This may or may not be the best option depending on the current and future needs of the plaintiff and the access to the best possible investment guidance to safeguard their financial investment. Either way, focusing on a quick and fair settlement, that has current and future monetary goals in mind, is in the best interests of all parties.

Jason Rigler

Settlement Advocate and consultant for Prosperity Partners Customer Service Department.

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

PR.com (press release)

Geoffrey P. Kissel Installed as the New President at NSSTA
PR.com (press release)
Washington, DC, April 25, 2018 --(PR.com)-- The National Structured Settlements Trade Association (NSSTA) is pleased to announce Geoffrey P. Kissel, Assistant Vice President at Pacific Life Insurance Company is installed as the new NSSTA President ...
Geoffrey P. Kissel Installed as the New President at NSSTA ~ Live ...Live Insurance News (press release)

all 1 news articles »

Integrated Financial Settlements, Inc. (IFS) Announces Robert Lee as new Chief Executive Officer at IFS
PR Newswire (press release)
ATLANTA and DENVER, April 2, 2018 /PRNewswire/ -- Since the creation of Integrated Financial Settlements over a decade ago, the shareholders of IFS have worked hard to build an organization of great people and companies who together have helped lead ...

and more »

KGO-TV

Albany parents furious over racist Instagram settlements for students ...
KGO-TV
The Albany School District is awarding students, who posted racist photos on social media, hundreds of thousands of dollars.

and more »

Farmers sue their own lawyers at Watts Guerra, claiming fraud in ...
Reuters
Three North Dakota farmers filed a class action Tuesday against the Texas plaintiffs' firm Watts Guerra, alleging that Watts and a dozen co-counsel duped nearly 60000 farmers into signing 40 percent contingency fee agreements in nationwide litigation ...

and more »

“I will have my vengeance, in this life or the next” - does Russell Crowe's recent 'divorce auction' signal the ...
Lexology
Not necessarily. Whilst the terms of the financial settlement would be confidential, a divorce in England can deal with assets held worldwide. But it's interesting that under English law, for any items that were acquired during their marriage, the ...


Legal Examiner

What You Need to Know About Structured Fees
Legal Examiner
Most attorneys who have gotten to the point of considering a qualified settlement fund and periodic payments to defer income have spent a significant amount of time talking to their peers, doing their own research, and finding industry experts who ...


Weekly Register

People News: IFS, AIG, CNA
Claims Journal
Robert Lee has been selected as the new chief executive officer at Denver-based IFS, a holding company with several industry subsidiaries in the structured settlements and MSP compliance marketplaces. For the past two years he has served as CFO ...
American International Group, Inc. - AIG - Stock Price Today - ZacksZacks
Macia Seraina - SEC.govSEC.gov

all 90 news articles »

Worldwide Facilities to Acquire Sullivan Group
Insurance Journal
He worked with and expanded a family reinsurance business and a property/casualty business known for its medical professional liability program before establishing The Sullivan Group in 1981. Along with various partners, over the years he launched a ...


Business Wire (press release)

per Diluted Share of $2.42 and $2.46, Respectively, Up 12% and 14%, Which Includes Catastrophe Losses of $1.01 ...
Business Wire (press release)
... we are exposed to credit risk related to our structured settlements;; the Company is also exposed to credit risk in certain of its insurance operations and with respect to certain guarantee or indemnification arrangements that we have with third ...
Travelers Reports First Quarter Net Income and Core Income per Diluted Share of $2.42 and $2.46, Respectively, Up ...Digital Journal

all 4 news articles »

WorkersCompensation.com (press release)

Ametros CEO Marques Torbert Discussed Settlement Strategies at the American Bar Association's Workers ...
WorkersCompensation.com (press release)
Professional administration firms provide reporting services or tools to help patients comply with Medicare rules regarding their medical expenses, and some offer savings in the form of provider networks and pharmacy discounts to help prevent the ...

Google News

A Revolutionary Fundraising Opportunity -- Life Settlements

Amid fundraisers' growing concerns about the current charitable giving climate,... Read More

Should You Sell Your Structured Settlement?

The courts have just awarded you a settlement in the... Read More

Making Backwards Choices

I was reading this past week about a woman who... Read More

Structured Settlements Offer Advantages over Lump-Sum Payments

A structured settlement, which offers injury victims cash payments through... Read More

Individual Voluntary Arrangements. IVA

What is an IVA?There is an alternative to bankruptcy called... Read More

If This Describes You, Dont Cash out Your Annuity

There are companies that purchase future payments. Personal injury settlements... Read More

The Target Capital Structure

Firms can choose whatever mix of debt and equity they... Read More

A Structured Lawsuit Settlement Seemed Like a Good Idea at One Time

You are receiving payments spread out over months, years, even... Read More

Structured Settlements Are Like Ants

Ants are powerful creatures. The powerful ant legs are able... Read More

Class Action Lawsuits

First of all, let me say that anyone who has... Read More

What is a Structured Settlement

A Structured Settlement is an agreement between a personal injury... Read More

Investing in Structured Settlements

Often some derelict will be awarded some huge amount of... Read More

Annuity Transfer - What Are the Risks

Many people who know in the back of their minds... Read More

Keeping the Lawsuit End in Mind

2 key points to stay focused on, as you are... Read More

The Cost of Not Having Money

The self-esteem factor of not having enough money is underestimated.... Read More

Options for Lawsuit Settlement Winners Receiving Periodic Payments

On January 22,2002, President George W. Bush signed into law... Read More

Structured Settlement ? Guaranteed Income for those with Disabilities

Up until twenty years ago, anyone who won a lawsuit... Read More

How To Form a UK Limited Company

When starting a business, a large number of people go... Read More

When Should You Not Cash Out Your Annuity?

You should not cash out your annuity when it's not... Read More

Surviving High Debt States

Are you more likely to have more debt according to... Read More

The Cash Now Question

If you have ever been in a bind for cash... Read More

Structured Settlement as an Investment Vehicle

You always hear people talking about the latest investment vehicle... Read More

Lucky

Have you ever looked around and wondered how everyone is... Read More

Offshore Asset Protection Trusts for US Citizens

When it comes to discussing offshore anything and US citizens... Read More

Consider a Structured Settlement?

Structured settlements have been around for a long time however... Read More