Defer Your Attorney Fees as a Tax Savings Strategy
You already know that structured settlements help maximize settlement value for your clients by providing a steady, low-risk source of income with long-term tax advantages. But did you know you can structure your attorney fees? Using attorney fee structures, plaintiff attorneys can defer their fees and income taxes on those fees for personal injury cases as well as many other types of cases. You can defer taxes on your fees as well as the interest that it earns until the year in which a distribution is actually received from the fee structure.
There are also deferred compensation plans that can be utilized on a pre-tax and tax-deferred basis with contingent fees. These plans have more investment options, greater potential returns and more control over timing of income.
Watch this short video overview of Synergy’s Attorney Fee Deferment Services
Synergy will provide a free consultation to assist in the decision making process and proudly offers the following products for investment or deferral of contingent legal fees: