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In most personal injury cases, the path to a settlement or verdict can be a very difficult process. Once resolution has been achieved, detailed planning is needed to protect the settlement proceeds. There are many settlement planning issues to consider when a personal injury case settles to maximize the recovery. Medicaid, Medicare and ERISA liens have to be negotiated. Trusts often times have to be created. A Special Needs Trust or Medicare Set Aside trust might be necessary. Investment decisions have to be made. Structured settlements should be evaluated and potentially implemented. Tax and estate planning may be necessary. All very difficult issues to deal with for even the most sophisticated lawyers and injury victims.
To make matters more complicated, many injury victims today receive public benefits such as Medicaid and Medicare which can be lost without proper planning. Losing public benefits can cause rapid dissipation of the settlement proceeds. In addition, statistics show ninety percent of injury victims have nothing left of their settlement proceeds within five years. Proper planning is critical to prevent the loss of the money while preserving public benefit eligibility. That is precisely where we come in.
We help clients deal with the intersection of settlement planning, settlement taxation, public benefit preservation and lien resolution. With our help, lawyers and injury victims alike can navigate through these difficult issues. Through our services, we can create settlement preservation strategies to ensure the recovery is maximized and protected. Don't underestimate the importance of hiring an expert settlement planner who can help guide the parties through these complexities and implement a sound plan for a personal injury settlement. We provide expert settlement planning services because special needs require special planning.
