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Patrick Farber
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This week, the Federal Reserve decided not to raise short-term interest rates, but forecasters are expecting the Fed to boost rates two more times this year after already raising rates by 0.25 percent in December (only the second rate increase in a decade). Plaintiffs considering a structured settlement may be concerned they may miss out on higher returns on their settlement funds if they lock in structured annuity payments now at today’s lower rates.

Fortunately, there are solutions. >> Read more here - http://patrickfarber.com/all/higher-interest-rates-can-factored-structured-settlement-payments/
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Structuring Non-Personal Injury Settlements through Liberty Life

In cases of personal injury and workmen’s compensation, the IRS facilitates this transaction by allowing the assignment company to exclude the consideration paid to it from gross income. In cases other than workmen’s compensation or personal injury, however, e.g., employment disputes, breach of contract, etc., a U.S. assignee faces tax liability in connection with the consideration paid to it for the assignment. The assignee would be required to pay income tax on the consideration received, which makes the transaction financially impractical.

In June 1999, Liberty Life Assurance Company of Boston (Liberty Life), based in Boston MA, developed its program to begin working with BARCO Assignments, Ltd. (BARCO). BARCO is a Foreign Financial Institution domiciled in St. Michael, Barbados. This exclusive partnership was formed when it was recognized that there are claimants with damages seeking to utilize structured settlements in disputes involving damages other than personal injury and workmen’s compensation. BARCO is not subject to the U.S. tax code and, pursuant to the U.S./Barbados tax treaty, may accept consideration for the assignment of taxable settlements without facing U.S. tax liability.

http://bit.ly/2j8sB43

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Will Lindahl, Executive Director of CPT Special Needs Trusts, provides some clarification on Individual Special Needs Trusts and Pooled Special Needs Trusts.
It’s a complex subject and this just scratches the surface, but I thought it might be helpful.

Here's the rest of the article - http://patrickfarber.com/all/deciphering-special-needs-trust-eligibility-rules/

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Let’s face it, most Americans are woefully behind in saving for retirement. And it’s not just Millennials who have little money left over to add to their 401(k)s (with loan debt, high housing costs and low wages being the culprits). Baby Boomers and seniors, those who should already have a sizable nest egg, are coming up short. Statistics bear this out. A recent GoBankingRates.com survey found that 28 percent of those age 55 and above have no retirement savings. Seventeen percent have less than $10,000 saved.

Get the whole story here - http://patrickfarber.com/all/structured-settlements-client-retirement-planning/

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A well-deserved tribute to Brian by CAALA on June 30.
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When a child is injured, parents have much to think about. High on the list is the child’s financial needs during the initial recovery period and beyond for medical, rehabilitation and other experiences.

If there is compensation for the injury, judges often require that the settlement be structured so the best interests of the minor are front and center. Why do judges think structured settlements are so critical for an injured child? Here are some of the reasons.

Get the facts:
http://patrickfarber.com/all/advantages-structured-settlements-injured-minors/
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A new video by Pacific Life gives attorneys an overview of the advantages of structuring settlement fees.

The video highlights instances where structuring fees could be beneficial:

Retirement planning
Children’s future college education
Creating consistent, guaranteed income for your practice
Reduce overall taxes

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I recently wrote an article published in the March 2016 edition of Law Journal Newsletters‘ Employment Law Strategist. The article discusses the key elements when negotiating successful settlements for employment-based claims involving physical injuries and those without a physical injury component.

Check out the entire article here:
http://patrickfarber.com/all/injured-on-the-job/
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The year has flown by and now it’s time to welcome incoming 2016 CAALA officers and congratulate annual CAALA award recipients. All will be honored during CAALA’s 67th Annual Installation and Awards Dinner Dance on January 16.

http://patrickfarber.com/pat-farber-headlines/congratulations-to-incoming-caala-officers-award-recipients/
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We previously covered these in our countdown July post Top 10 Things to Remember When Creating a Structured Settlement.

In the article “Top 10 Things to Remember When Creating a Structured Settlement” reprinted from the September/October 2015 issue of CAOC’s Forum Magazine, Pat Farber gets more in depth on each detail.

Details are important when it comes to structured settlements. So is timing. Counting down, here is the top 10 list of things to remember when creating a structure – for your client or for your legal fees.

Here's the Top Ten: http://patrickfarber.com/structured-settlements/top-10-details-to-remember-when-creating-a-structured-settlement-caoc-forum/
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