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Home > Business Consulting > Structured Settlements
Structured Settlements
SERVICES OFFERED BY INDEPENDENT PLANNER LLC. & MILLENNIUM
We have assembled a variety of services that make Millennium an invaluable resource throughout the entire litigation process. By providing the following services, Independent Planner LLC and Millennium will become an invaluable asset to your legal team of experts.

ANNUITY COST EVALUATIONS
Independent Planner and Millennium will analyze Settlement proposals to determine the amount of premium required by the Defendant to fund the illustrated benefits. Understanding the exact cost is crucial in determining the adequacy of a Settlement.

PRESENT VALUE CALCULATIONS
Present value calculations are oftentimes prepared at various discounted rates to illustrate the difference between "cost" and present value. Our calculation of both annuity cost and present value helps all parties eliminate guesswork. In addition, Internal Rates of Return are easily calculated on all Structured Settlement proposals.

LIFE CARE PLAN ANALYSIS
We will analyze available life care plans to help match the desired benefits with the anticipated needs of the client. We will help develop counter proposals that allows for the inclusion of a Structured Settlement rather than a lump sum cash award.

ACCESS TO THE HIGHEST-RATED LIFE INSURANCE COMPANIES
Independent Planner and Millennium represent only the highest-rated life insurance companies participating in the Structured Settlement industry. We provide in-depth information concerning the financial condition and ratings of all life insurance companies proposed.

468(b) DESIGNATED SETTLEMENTS FUNDS
Millennium is a leader in the education and implementation of Qualified Settlement Funds. A Qualified Settlement Fund (QSF) can be used in single plaintiff personal injury cases with multiple claims when the defendant is uncooperative or does not want to agree to a structured settlement. Assuming the requirements of the revenue procedure are satisfied, a claim that comes under a 468B Fund may be settled with a structured settlement without losing the inherent tax advantages. If faced with a hostile litigation process, a 468B may introduce a break into the proceedings by providing a temporary shelter for the assets to be distributed to the claimants. This time can be used to best determine the proper allocation of the award.

DAMAGE AND WAGE LOSS COST ANALYSIS
Once the experts have formulated their assessment of damage and wage loss, Millennium can then determine the cost of periodic payments needed to fund such damages.

DOCUMENT PREPARATION AND THOROUGH REVIEW
Millennium will review the Settlement Agreement and Release to help ensure that the necessary language protecting the claimant's tax-free interests are preserved. We will assist in the preparation of all assignment forms in the event that the Defendant chooses to make a Uniform Qualified Assignment pursuant to Section 130 of the Internal Revenue Code.

ATTORNEY FEE STRUCTURING
When implemented properly, plaintiff counsel has the ability to defer any portion of their fee. Structured attorney's fees allow for level income and tax payment only when income is received. Millennium will help advise plaintiff counsel when attorney fee structuring might be considered.
 
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Contact Independent Planner LLC. today at (716).634.8705 - (800).279.0298 - (716).634.1636 (fax)
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