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RECENT ATTORNEY FEE STRUCTURE

 

We were recently engaged by one of our personal injury attorney clients to help her defer taxes on a personal injury settlement for a portion of her fees.  She is 61 years old and invested $200,000 of her fees into the attorney fee structured settlement annuity with A++ rated New York Life Insurance Company.  We assisted her in finding the safest and most competitive annuity company.  Her client, the injured party, did not structure any of their recovery.

For her investment New York Life will pay her $976.99 for her LIFE, guaranteed for 20 years beginning on April 2, 2024 and she will only owe income tax on the amount from the annuity which she receives in that year!  For example, she owes zero income tax on the original $200,000 invested in the annuity because she did not constructively receive that income, it went straight to New York Life. She only begins to pay income tax on the $11,723.88 (the monthly amount of $976.99 multiplied by 12 months in a year) beginning on April 2, 2024.

I am sharing this with you so that you have an idea of what is currently possible in the Structured Settlement Annuity market in case it may benefit you or one of your clients.

For 20 years we have been Michigan's premier and ONLY Plaintiff Focused Structured Settlement Consultant. 

Please contact us early at (734) 433-1670 or cyril@whitehousellc.com and let us help you and your clients maximize your hard earned settlement dollars call!  www.whitehousellc.com

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November 7, 2022 at 1:29 AM
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