In the hunt for optimal settlements, injured individuals and their families are often tempted by the promise of big and immediate bounty. “Take the money and run” sure sounds good. But bagging a [...]
The future is always complicated by unexpected events. For injured individuals and the professionals responsible for safeguarding their financial security and stability, there’s one way to [...]
What’s in the name? An oxymoron and a dangerous deception
Some settlement planners believe they’ve found a way for injured plaintiffs to receive the tax-free status of a structured settlement [...]
FALSE! Subject to state laws and especially when combined with Special Needs Trusts, structures are typically considered policies—not assets—when calculating AFDC, SSI, Medicaid and other [...]
A budding entrepreneur comes up with an innovative approach to the problem of candy disbursement. After all, Halloween stockpiles never last. Chocolate Easter eggs are subject to forfeiture by [...]
Not at all. Structures are just one part of a complete financial plan. Settlements can—and probably should—always include up-front cash, timed lump sums for big life events (like [...]
MISCONCEPTION #6: “I’m better off taking a lump sum and putting it in a bank or investment account.”
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Don’t take the bait! A structure is a safer and more beneficial option than depositing a lump sum anywhere.
- Structures are the ONLY tax-free [...]
In our continuing Let’s Settle This! series, Chronovo highlights the difference between a pyramid and a pile of sand in the desert. It’s like the contrast between a structure and a lump sum at [...]
In a recent interview with Work Comp Pulse’s Steve Schmutz, Ken Paradis identifies an array of Chronovo’s innovations that are resulting in far more successful settlement outcomes. In this latest [...]
Not so! In fact, structures bring benefit and balance for small cases too. A critical option for funding a financial path forward for a seriously injured individual or a family [...]
