Why use a Qualified Settlement Fund 468B?
Brook Hollow helps alleviate firms of messy post settlement compliance through the management of a Qualified Settlement Fund. A QSF efficiently improves the settlement process for multi-defendant and multi-payee cases by giving participants greater control and flexibility with funds and timing.
A simple court order establishes a QSF in which the settlement money is collected, allowing participants to thoughtfully consider their post-settlement options (i.e. tax deferred attorney fees, structured settlements). Funds for the participants who are not interested in deferral or structuring immediately flow into the regular client account.
Every party benefits from the protection of the QSF:
- Defendants: Released from liability once the funds are transferred to the QSF.
- Plaintiff Attorneys: Gain additional flexability to facillitate lien resolution and time to personally contemplate deferral options.
- Plaintiffs: Funds are protected until distribution and allows claimants to make educated financial decisions.
The QSF allows firms to reallocate time and money previously drained by paperwork toward adding staff, explaining new case prospects, advertising, etc...
Contact Benjamin Etscheid at 312.933.6465 for more information.