Broker Check

Attorney Fee Deferral

PLANNING FOR THE FUTURE BY STRUCTURING ATTORNEY’S FEES

As an attorney, you can enjoy some of the same benefits as your personal-injury clients by structuring contingent fees for future payment.

Before you receive your next fee for an injury lawsuit, you should think about your future and what is most important to you.

The first issue to consider is the income taxes that will come due for this lump-sum payment. Depending on your individual tax bracket and where you live, this could reduce your net income by almost half.

If you had the opportunity to delay this income for up to 20 years, would that help you with your income taxes?

What Other Plans Could You Make by Setting Up Different Payout Periods?

What Other Plans Could You Make by Setting Up Different Payout Periods?

  • Continuity for your children's college plans?
  • An early retirement for yourself?
  • Stabilizing the income for your business?
Benefit Types

Benefit Types

You are allowed you to customize your payment streams specifically to help manage future needs.

Benefit types include:

  • Predictable income that you cannot outlive. Structuring fees also can protect both you and your spouse.
  • Growth potential with the optional Index-Linked Annuity Payment Adjustment rider.
  • Payments for a specific period to help eliminate possible concerns such as paying your home mortgage or funding educational costs for your children.
  • Lump sums to help pay for a large purchase. Payments to You or Your Firm
  • By electing to have payments made to your firm, you can guarantee income to help meet payroll needs or pay your business mortgage.
Design a Benefits Package to Fit Your Needs

Design a Benefits Package to Fit Your Needs

  • Start payments immediately or defer the payment start date up to 20 years.
  • Add a cost-of-living adjustment to help offset inflation.

Have a Question?

Thank you!
Oops!