QUALIFIED SETTLEMENT FUNDS (468B TRUSTS)
A Qualified Settlement Fund (QSF), also referred to as a 468B Trust, is an exceptionally useful settlement tool that allows time to properly resolve mass tort litigation and other cases involving multiple claimants. When a QSF is created and funded, the defendant makes a payment into the trust account in exchange for a full release of all claims.
Qualified Settlement Funds: Benefits for Both Sides
In addition to the release of liability, the defendant is eligible to receive an immediate tax deduction for the payment. In the meantime, claimants gain the time they need to receive a proper settlement consultation and to determine their best settlement options.
The additional time also allows for lien resolution and the preparation of required documentation without the time pressures of litigation. Claimants without any outstanding issues will not have to wait for their co-claimants’ issues to be resolved in order to receive their settlement distribution.
Qualified Settlement Fund Services
Sage Settlement Consulting provides qualified settlement fund administration services, including:
Preparing all motions, court orders, and documents needed to establish and administer the fund
Generating client closing statements and providing accounting for the fund
Disbursement of all claimant payments, including directing funding of Special Needs Trusts and/or structured settlements
Live call center assistance
Attorney fee and expense disbursement
Executing qualified assignments
Managing payment of finalized liens
Printed educational materials for claimants
National bankruptcy and probate coordination
Fraud protection/check validity verification
Daily account reconciliation, monthly financial accounting, and reporting
Treasury management and investment of funds within the QSF
Tax return filings and 1099 issuance
Access to local elder law and probate attorneys across the country
Closing of the fund and interest reconciliation
For more information about Qualified Settlement Funds, contact us today.
See What clients Are Saying
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“- Marcus J. Bradley, Marlin & Saltzman
I worked with Lance Harris for the first time in 2013. Lance and his assistant, Rosa, were fantastic. They made the [structured settlement] process very easy and provided me with all of the documentation I needed to get the petition for the minor's comp
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“- Kurt Arnold, Partner & Co-Founder, Arnold & Itkin LLP
I have worked with Scott Freeman since the days my firm opened the doors over a decade ago. I trust Scott to ensure my clients' needs are always met both now and into the future. The most impressive thing with Scott is that he finds a way to keep in tou
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“- Robert Molettiere, Moletteire & Torpy
You certainly have made your case that it is vital for me to have you at mediation to get the numbers that are best for my client. Thanks for all your hard work on this case.
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“- Paige W
Need the BEST? Look no further than Susan Gleason! She helped our family with an annuity settlement in a tremendous way! Her style, commitment, and interpersonal skills go unmatched!
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“- Attorney Richard M. Kenny
From my perspective, structuring a portion of my fee out of the settlement proceeds of the case we worked together on several years ago was the smartest move I ever made. With Mitch Kobil's help, I put together a financial plan that provided my three ch
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“- Brian Panish, Panish, Shea & Boyle, LLP | Los Angeles, CA
They are ardent supporters of the plaintiff bar community, and we consider them an integral part of our team.
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“- Mitchell Proner, Proner & Proner | New York City, NY
Christina is a caring, hard-working, and knowledgeable professional. She is meticulous about the details to protect my clients' futures. I would highly recommend her to anybody in need of an experienced settlement planner.
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“- Lawrence M. Kelly, Luxenberg Garbett Kelly & George | New Castle, PA
Any time that I'm in need of a structured settlement proposal for one of my clients George Audi is my first call. George and his staff provide the needed information and settlement options in a prompt and professional manner. George is also a valuable s
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