Attorney fee structures can be invested in equities just like your 401K, with unlimited contributions.
Attorney fee deferrals have been part of the trial lawyer landscape since the 1980s. In our in-depth guide, we share strategies that you can use to build your long-term wealth.
Following the same principles of a structured settlement, attorneys may structure payments for their own financial planning and for the cash flow management of their firms. Potential tax benefits for the lawyer result from creating a pre-tax investment in addition to what is allowable in qualified and non-qualified plans.
If you have always assumed that deferred fees equals annuity, think again. Our assets are held with our custodian Charles Schwab, and we our attorney clients full access to the account for viewing, statements, and transparency. The cost associated with our fee deferral program is no different than any wealth management or financial planning firm might charge.
It is vital that structured fees are part of the overall plan and thoroughly accounted for in subsequent documentation. Our expertise in both the legal and tax arenas gives us the perspective required to structure attorney fees that are compliant with case law and tax court rulings and that work to the advantage of both attorney and claimant.
A West Point graduate where he served as captain and military aviator, John Bair continues his commitment to our country through his efforts within the settlement planning industry. He has represented families of victims lost in the Flight 3407 crash, offered pro bono services to the families of 9/11 victims and drafted the first consumer protection bill for plaintiffs (H.R. 3699).