ABOUT SETTLEMENT PROFESSIONALS INC.
Pioneering The Plaintiff-Loyal Settlement Industry For Over Three Decades: Our History…
Jack Meligan left a Portland, Oregon investment advisory and financial planning firm in 1986, and set off on his own to work with personal injury victims in structured settlements.
In those early days, settlement planning was usually nothing more than a structured annuity. But there was a problem…the amount of the annuity and its issuer were determined solely by defendants and their insurance companies, with no regard for the needs, wishes and opinions of victims and their families – people who depended on the settlement to put their lives back together.
Beginning with a 1987 article titled “Conflicts of Interest in Structured Settlements,” Jack began tearing down the walls that prevented injury victims and their attorneys from taking a prominent role in determining the size, structure and provider of settlement solutions.
Numerous articles and writings followed, all aimed directly at giving claimants greater control over their settlement choices and financial planning.
In 1992, Jack discovered the 468(B) Qualified Settlement Trust Fund regulations in the tax code and became one of the first practitioners in the country to use QSFs to help clients. Since then, more than 300 clients have settled their cases with Qualified Settlement Funds.
Then in 2000, Jack co-founded the Society of Settlement Planners, an organization that promotes the concepts of, and educates professionals about, the latest developments in the profession. A widely recognized settlement industry authority,
Jack later helped develop the curriculum for the nation’s only professional Registered Settlement Planner designation, a designation he has held since 2009.
Today, Jack and his growing force of professional settlement planners continue as fierce advocates for plaintiffs and trial attorneys. For more than 29 years, SPI has forged new paths, developing comprehensive, innovative solutions to protect victims and attorneys all over the U.S.
The SPI Vision
The wrongfully injured often experience hardships most of us can’t begin to imagine. At SPI, we strive to create a future where victims and their families get all the life planning and financial support they need.
- For the injured to resume lives of dignity and purpose
- For attorneys to be secure in the knowledge that they have achieved a fair and just outcome for their clients, and that they have taken the extra step of guaranteeing that those clients have had the finest in comprehensive settlement planning services