We are a settlement planning firm.

Our services.

 

Structured Settlements

Introduced to claims negotiations in 1982, structured settlements have helped to conclude claims and guard the financial security of injured parties. Offering guaranteed, tax-free income streams through the purchase of fixed annuities, structured settlements offer unprecedented protection and peace of mind to claimants. Guided by Internal Revenue Code (IRC) Section 104(a)(2), all structured settlement proceeds being paid from a personal injury are received 100% tax-free.

There are also structured settlements available that offer tax-deferred solutions to individuals who did not sustain a physical injury. These would involve employment disputes, harassment, civil rights disputes, and even divorce.



Structured NIL Agreements

The landscape of amateur athletics changed forever on June 21, 2021, with the unanimous decision of the US Supreme Court in the NCAA v. Alston et al. matter. 

 

Following IRC Section 409(a) guidelines, student athletes, participating in NIL contracts, can now defer their tax obligations, maximize the yield of their NIL contract and secure their financial future through the placement of a Structured NIL Agreement (SNILA). 


Structured Installment Sales

Structured Installment Sales offer an innovative way for individuals selling a business, property, or other appreciated assets (like an art, memorabilia, or vintage car collection) the opportunity to maximize the profits from the sale, and avoid their immediate tax obligation in the year of the sale, by placing proceeds from the transaction into an annuity product. In so doing, the seller avoids constructive receipt of the payment and, thus, avoids the associated tax obligation with those funds. The portion of the sale placed into the Structured Installment Sale grows on a tax-deferred basis with a tax payment obligation in the future year(s) when payment is received. Structured Installment Sales utilize IRS-approved methods to accomplish this growth and are invested with highly rated insurance carriers who provide the investment platform and future annuity payments.

Medicare Set-Asides

A Medicare Set-Aside Allocation Report is one of the first steps taken to consider Medicare’s future interests. When should you consider having a Medicare Set-Aside Allocation Report prepared for your settlement?

  • If the injured individual is receiving Social Security Disability or Retirement

  • If the injured individual is eligible or receiving Medicare

  • If the injured individual is age-eligible or within 30 months of becoming a Medicare beneficiary

Attorney Fee Deferrals

There are unique tax-deferral options only available to contingency fee attorneys. Whether you like the guarantee of knowing the amounts you will receive at future dates, or are comfortable with higher risk and returns, it is easy to see how when we earn interest on Uncle Sam’s portion of your fee that it can significantly increase your returns. From choosing the best solution to determining the tax consequences, we specialize in assisting attorneys through their options and this process.

Qualified Settlement Funds

A Qualified Settlement Fund (“QSF” aka, a 468B Trust), is settlement tool that provides time to address and resolve issues found during litigation. After a QSF is created the defense can be instructed to fund. Once the defendant makes a payment into the QSF, they can be released of all claims. The defendant is eligible to receive an immediate tax deduction for the payment made into the QSF.

In the interim, claimants are provided more time to receive a thorough settlement consultation to discuss all of the available settlement options. This additional time allows for; lien resolution, structuring settlements, trust and investment planning and the preparation of required documentation. Additionally, Attorneys and co-claimants are not forced to wait for all other parties’ issues to be resolved before they can access their recoveries and move on with their lives.

Investment Management

We believe that the principal factor of long-term investment returns is not investment performance, but investor behavior. For many of our clients we assist them in creating a trust and a comprehensive financial plan to help them achieve their goals.

By forging past the standard advisor/client relationship, our team is able to understand our clients on a personal level. This allows Ryan and our financial team at Garrison Financial, LLC to fully evaluate their current situation and make individual recommendations.

Trust Planning

Settlement planning trusts serve personal injury victims who want liquidity and flexibility. These trusts can be used in combination with a structured settlement annuity to provide a comprehensive settlement plan.

Future expenses are seldom predictable. A trust adjusts with the beneficiary’s needs to provide funds when they need them. Trusts can be used to provide protection of your settlement proceeds, and can eliminate the need to sell future annuity payments at discounted rates.

Lien Resolution

Unresolved liens often cause delays in settlement disbursements. Failure to resolve liens correctly may endanger settlement funds and result in penalties to counsel. At JCR we work closely with lien resolution specialists to add value to our attorney clients. The most common liens are;

  • Medicaid Liens: Medicaid laws are complex and vary from state to state. In many instances, Medicaid can and will seek reimbursement from a portion of the settlement. By working with local Medicaid offices, our partners are able to assist injured claimants in meeting legal requirements and preserving Medicaid benefits.

  • Medicare Liens: Medicare Secondary Payer (“MSP”) laws require that for cases involving Medicare beneficiaries, Medicare must be the first payee of a lawsuit. This obligation rests with the beneficiary to determine if a lien exists, and then to report it to Medicare.

Charitable Gift Annuities

For years, professional fundraisers have struggled with finding new and better ways of raising the financial resources necessary to meet the ever-changing demands of their respective missions. As a result, hundreds of millions of dollars are left on the table each and every year in the planned giving arena. JCR Charitable Funding understands this frustration and created a solution. We have revolutionized the way charitable gift annuities are managed and in so doing, have created a gift vehicle with true reciprocal benefit for both donors and the charities they support.