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WANTS, NEEDS AND FEARS MEDICARE/MEDICAID DUE DILIGENCE DEBT REDUCTION OR ELIMINATION HOUSING AND HEALTH CARE
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STRUCTURED SETTLEMENTS
A structured settlement provides a guaranteed, long-term, tax exempt payment stream. Normally, the structure allocation is considered a foundation/safety net of a more integrated plan. When Congress amended federal tax code, IRS Code 104(a)(2), to promote the use and integrity of structured settlements, it explicitly provided that 100% of every structured settlement payment is exempt from federal and state income tax. Thus, the rate of return of the structure is not affected by ongoing fees or expenses and is never subject to income tax. This exible option allows for you to design any combination of future payments tailored to meet individual needs.
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866.68.FORGE W W W.FORGECONSULTING.COM
866.68.FORGE W W W.FORGECONSULTING.COM
CHOOSING A TRUSTEE
When interviewing trustees, it will be necessary to ensure the chosen trustee or wealth manager will allow for the structure to be recognized as an asset class. This avoids over-allocating and ensures that no fees are charged for assets held outside the trust (such as a structure). Reducing management fees through this balance directly impacts the bottom line rate of return for the overall plan. The recovery from a settlement is not the type of money that should be, or in the case of a minor, can be exposed to signicant risk. In other words, conservative investments with lower risk should be implemented. Additionally, limitations on risk associated with statutes in many states and the court approval process will eliminate many investments as options beyond only the most conservative. Understanding the application of the Prudent Investors Act explains the safety of a trust.
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866.68.FORGE W W W.FORGECONSULTING.COM
866.68.FORGE W W W.FORGECONSULTING.COM
ONGOING SUPPORT
As a part of Forges service to our clients, we provide ongoing support and direct accountability. Forge maintains records of policy issuance and all document records related to the case, as well as detailed correspondence records tracking the progression of the planning process. Forge serves as an ongoing liaison between trustee, trust attorney, plaintiffs attorney, and the family, as needed. Additionally, we make ourselves available as a single point of contact for general maintenance needs such as: Beneciary designation changes Address changes Establishment of and changes to direct deposit Forge is here for you and your familys needs. Call us.
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