SETTLEMENT CONSULTING SERVICES & PRODUCTS

As part of our holistic services to assist injury victims at settlement, Synergy provides consulting services to assist plaintiff attorneys and their clients which includes:

A Synergy settlement planner will attend mediation and settlement conferences at no cost.

After meeting with the injury victim or reviewing the life care plan, we can create a comprehensive assessment of the plaintiff’s immediate and long-term financial needs. After completing this financial analysis, we can recommend a settlement plan to address the needs for income, medical care, education and retirement. If a life care plan has been prepared, we can analyze the plan to determine the funding cost utilizing different financial products.

We can provide an analysis to quantify the actual costs required every year to duplicate the needs presented in the life care plan. Once we determine the actual cash flows required, we can then determine the cost to fund the life care plan with appropriate financial settlement products. This figure is not the present value to provide for the future medical needs of the plaintiff as determined by an economist. Rather it is the actual amount of money required to fund a financial settlement package to generate the necessary monthly payments to provide for all of the plaintiff’s lifetime medical needs as outlined in the life care plan.

We can assist clients that are not in the United States legally or those that are not naturalized citizens (“foreign nationals”) with many of the same settlement planning services available to U.S. citizens. There are some limitations, but our expert settlement planners understand the requirements and can recommend a settlement plan to fit a client’s needs. We can also provide guidance on ways to receive future periodic settlement payments whether the client remains in the U.S. or moves outside of the U.S.

 A 468B Qualified Settlement Fund (QSF) can be a valuable plaintiff strategy for preserving a plaintiff’s rights to select a structured settlement and for protecting public benefit eligibility. A QSF allows plaintiffs to obtain control of settlement planning decisions. Defendants deposit settlement funds into the QSF. While the settlement funds earn interest in the QSF, plaintiffs and their advisors can design a settlement plan and negotiate liens. The QSF avoids issues with constructive receipt which could trigger a loss of public benefits. While the settlement funds reside in the QSF, a structured settlement or a public benefit preservation trust can be established for the settlement recipient.

Synergy offers a variety of product solutions to assist injury victims manage their recovery which include:

  • Equity Indexed Annuities
  • Fixed Annuities
  • Life Insurance (Term, Universal and Whole Life)
  • Public Benefit Preservation Trusts
  • Structured Settlement Annuities
  • Settlement Trusts

PROTECTING THE RECOVERY

TESTIMONIALS

READY TO SCHEDULE A CONSULTATION?

The Synergy Settlements team will work diligently to ensure your case gets the attention it deserves. Contact one of our legal experts and get a professional review of your case today.