Structured settlements

Why You Need A Settlement Planner

The intersection of settlement planning, settlement taxation, public benefit preservation and liens complicates settlements today. These matters are a fertile area for malpractice claims against personal injury attorneys. Without an expert’s guidance, keeping up to date on the changing facets of the law and ethical responsibilities in these areas is difficult at best. You should not underestimate the importance of hiring an expert settlement planner on your next case who can help guide you and your client through these complexities.

The use of structured settlements and trusts as a way to fund future needs for injury victims has become commonplace in today’s settlement landscape. Frequently, these solutions are proposed by the defendant as a way to settle the case. While this is not necessarily a bad thing, the techniques utilized by the defense in offering these solutions or the way the transaction is done may be to the detriment of your client. The settlement transaction can be complicated and can involve a host of legal issues that could present professional negligence traps for the personal injury attorney if he or she does not have their own expert to advise them.

Having an independent settlement planner involved in your case is vitally important. You need an expert that can be held accountable and legally liable to you. The defense typically will use their own specialist so why wouldn’t you? The defense’s expert works for them and is not held accountable or legally liable to you.

Nearly all settlement agreements release everyone on the defense side, including the defense’s settlement expert. So who will you turn to if the defense made an error or omission in the settlement planning transaction? With your own settlement planning expert participating in the placement of the financial products, you have their Errors and Omissions policy available but unless your settlement planner actually participates in the placement of the products, you may find yourself without any recourse should the transaction be handled incorrectly.


"In my business as a plaintiff’s products liability lawyer, everything begins and ends with our clients. In our firm we never handle a significant case without the assistance of Synergy. Why? Very simple: we trust Synergy with our clients. Yes, Synergy only works with plaintiffs. And yes, they are highly technically proficient and know this business cold. But what makes them different from others is that they listen to our clients, make our clients comfortable with complex issues, and always put the interests of the client first. In my opinion, because of their unique ability to handle people with sincerity and compassion in their time of crisis, they stand head and shoulders above his competition."

Richard Newsome
Newsome Law Firm, Past President of Florida Justice Association

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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.

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Understanding Structured Settlements and Medicare Set-AsidesThird Thursday Webinar Series

The parties agree that a Medicare Set-Aside is needed, now what? In this month's webinar, presented by Synergy CEO, Jason D. Lazarus, you will learn about the process basics for setting up a set aside including MSA allocations, funding mechanisms for set-asides, post-settlement administration as well as an overview of the process to make sure you close the case compliantly.

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