In this weeks edition of Speaking of Settlements I am joined by Attorney Robert Wood of the firm of Wood & Porter, PC in San Francisco, CA. Attorney Rob Wood
Rob recently published in Tax Notes an article entitled Unqualifying Qualified Structured Settlements, which despite it's somewhat provocative title, ( At least it is provocative to us in the settlement profession ) is one of the single best written explanations of how qualified assignments work in structured settlements, as well as a complete look at the use of non-qualified assignments in other areas of settlements.
As you will note in this video, as well as the article, Rob agrees with me that the entire topic of structured legal fees and the use of qualified assignment companies and vehicles, seems to get glossed over in the big tax and compliance picture, when it would seem that for a variety of reasons that a non-qualified assignment for structured legal fees is possibly the safest way to proceed.
Regardless of your position or understanding of how these work, this commentary and the written material along with it will do an excellent job of bringing you up to speed on how qualified assignments work, when non-qualified assignments should be used and potential traps or issues in matching which one's are best for your clients.
Enjoy this weeks edition of Speaking of Settlements and watch for an expanded and improved look on The Settlement Channel over the next 2 to 3 weeks as we once again upgrade our offerings for our readers and viewers.
