Skip to main content

PLEASE Let us help you CYA!!


In 2001 a trial attorney and guardian ad litem paid $4.1 million to settle claims relating to a personal injury case that was settled on an all cash basis because the claimant was not properly educated as to their options pertaining to a structured settlement (Josephine Grillo, As Guardian and As Next Friend
for Christina Grillo, A Minor v. Tom L. Pettiette, T. E. Swate, and Hardy Milutin & Johns, 96th  District Court, Tarrant County, TX, Cause No. 96-145090-92. Settlement amounts as reported in Lawyers Weekly 8/2/2001.)

We have developed an awesome short on line video that educates claimants on their financial options and has them execute a waiver similar to the one above online.   We can customize an online page with your firm's logo and information so all you need to do to ensure this doesn't happen to you is have each client watch the video and submit their contact information in the online form.

PLEASE don't let this happen to you and your firm!  We advise our clients to have each client sign what we call a "Grillo" waiver which contains the following language, which is part of the online form we create for your firm:

I have been educated by my attorney regarding structured settlement options available to me and my family. I acknowledge that I have been given an opportunity to meet with a structured settlement consultant of my choice. I am aware that the law enables me to receive significant tax advantages in the event I choose a structured settlement as outlined in the video. I understand that if I do not participate in a structured settlement, I lose my opportunity to obtain these significant tax advantages and could be fully taxed at my highest income tax bracket.
My attorney has warned me of the pitfalls of not selecting a portion of my recovery to be included in a structured settlement. Due to unexpected events or circumstances, many plaintiffs who do not participate in a structured settlement lose their money due to investment risks and/or deplete their funds and lose financial security.
I understand that this is my only opportunity to take advantage of a structured settlement and that my settlement decision cannot be changed or reversed on a future date.
By completing the information below, I will have further opportunities to ask questions of a structured settlement professional, without obligation, so I can best understand all of my options.

Please let us know if you would like us to customize and make this video available to your firm!  Email us at info@whitehousellc.com or call us at (734) 433-1670.

www.whitehousellc.com


Comments

Popular posts from this blog

COVID will not stop us providing unique settlement solutions using structured settlement annuities!

I hope that you are doing well! We just FINALLY completed the settlement of a case for a minor (age 17) that we were initially engaged by our plaintiff attorney client in February 2021, to provide structured settlement annuity quotes! Although the claimant was very close to the age of majority the key to the case was not giving him all of the settlement proceeds, which was over $120,000, at age 18. Having been in this business for over 20 years I cannot tell you the number of sad cases we have witnessed where the young claimant receives their settlement proceeds at age 18 only to blow through all the funds before anyone can blink and make bad decisions with the proceeds! This case involved two liability insurance carriers Liberty Mutual and Member Select. We coordinated multiple rounds of document revisions and had to have a separate set of different documents for each insurance carrier. In addition, one of the carriers would not fund the annuity until we had a fully executed court ord...

Using a structured settlement annuity pre-suit

 We recently were engaged by the Guardian Ad Litem (GAL) in the case of an 11 year old boy who was struck by a care while riding his bike.  The father of the boy settled the case directly with the liability auto insurance carrier pre-suit and the GAL contacted us to ensure that the boy's settlement funds were handled appropriately. The case settled for a total of $65,000 and $59,000 was being allocated to the structured settlement annuity for the boy as follows: $5,000 paid immediately upon settlement $10,000 at age 18 $20,000 at age 21 $25,000 at age 25 $35,718 at age 30 this is total benefits of $95,718! The annuity was placed with a large life insurance company rated A+ by the A.M. Best rating agency and provided the family and GAL with the peace of mind that the young man would not receive the entire amount at age 18. In addition, due to the use of the structured settlement annuity, all of the interest gained during the payout period ($31,718 to be exact) is INCOME TAX FRE...

SECURE ACT 2.0 New Retirement Rules Workshop

 The SECURE Act is by far the biggest retirement-oriented legislation to be enacted in over a decade. Many Americans are left wondering, “What does this mean for me?” Here’s what you need to know. If you have any questions or if I can do anything for you please do not hesitate to email me at cyril.white@fourfinancial.com or call me at (734) 272-4322! I recently did three webinar workshops covering the SECURE Act and what it means for our clients.  Click on the video link below to watch the full webinar workshop! The SECURE Act, passed in late 2019, is by far the biggest retirement-oriented legislation to be enacted in over a decade. The new law is a very good thing for some retirees and not such a good thing for others. Barely half of the workforce is covered by a retirement savings plan through their employer, and the SECURE Act is meant to address this issue, among other things. Here are some key provisions in the Act that may affect your retirement plans. 1. Required minimu...