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Overview
Plaintiffs use Qualified Settlement Funds (QSFs) to ensure defendants’ payment without further defense involvement. It releases defendants from liability upon payment while preserving plaintiff options to make pre-settlement decisions. Deciding how to allocate proceeds, resolve liens, and address tax treatment, can often take considerable time. QSFs allow plaintiffs to address such issues while avoiding any risk of defendants “walking back” a settlement offer. Defendants benefit too by obtaining an immediate release and tax deduction. This presentation will identify when and how to use QSFs for the benefit of plaintiffs, defendants, and lawyers on both sides. And how to make sure plaintiffs get those benefits by ensuring regulatory compliance.
Please join our two expert speakers, Jeremy Babener and Rachel McCrocklin. Jeremy chairs the Society of Settlement Planner’s Legal Committee and formerly served as a fellow in the US Treasury’s Office of Tax Policy. Rachel is CTO at Eastern Point Trust Company, a preeminent settlement trust company, and has managed QSFs for dozens of lawsuits against name brand companies. Together they will discuss:
- When to use a QSF (15 minutes)
- Plaintiff benefits and strategies (15 minutes)
- Making the process easy (10 minutes)
- Knowing what to expect (10 minutes)
- Vetting and doing it right (10 minutes)
Who Should Attend: Plaintiff lawyers
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Faculty:
Jeremy Babener
Founder, Structured Consulting
Special Tax Counsel, Lane Powell
Rachel McCrocklin
Chief Trust Officer, Eastern Point Trust Company