Summit Structured Settlements
755 S.E. Frontier Suite 101
Waukee, Iowa 50263
Voice: 515.987.6888
Fax: 515.987.6999
Toll Free: 866.267.1177
info@summitsettlements.com
Disclaimer
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Questions You Don't Want Your Client
to Ask After the Defendant has been Released
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* "It seemed like a lot of money at the time, but I've already spent it. I just
heard about something that would have protected me called a structured
settlement, with lifetime guaranteed payments. Why didn't you recommend a
structured settlement?"
* "The defense never told us how much they were spending on my structured settlement. Now
I find out it was much less than what you estimated. Don't you owe me a refund
on your attorney fee?"
* "Do you mean we could still be receiving Medicaid benefits for our child, even though we
received a settlement, if we had just known about a supplemental needs trust? We
didn't know we would be losing Medicaid when we accepted the cash settlement. We
could have had both."
* "I found out my estate might not have been subject to estate taxes when I die
if only my structured settlement had been handled differently. Why did we let
this happen?"
* "Someone told me the annuity company would have given us higher monthly income for life
if it had known about my health history. Why didn't the structured settlement
consultant tell them?"
* "My tax advisor tells me I might not be paying taxes on punitive damages if my
settlement documents had been stated differently. The IRS allocated half of each
payment to punitive damages. Didn't you know this would happen?"
* "I heard that the defendant's insurance company received a kickback from the
money spent on my structured settlement annuity. If I had known they were going
to get a rebate, I would have held out for a higher settlement amount. They
didn't spend what they promised for my benefits, did they? How did you let this
happen?"
* Do you mean we could have had our own structured settlement consultant, working for us
at no extra expense, instead of being forced to use their broker? Didn't he have
a conflict of interest? Was he paying a kickback to the casualty insurance
company? We had our own expert for everything else. Why didn't we have our own
expert for the biggest financial transaction of my life?"
We fervently believe in the right of the plaintiff to take advantage of the
significant tax benefits that Congress intended physical injury victims to have,
without being forced to allow its structured settlement broker, who has a
conflict of interest, to handle the transaction. We work with plaintiff
attorneys in the best interest of their clients. |
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