Using Plaintiff Structured Settlement Specialists
Structured settlements are an important planning tool to consider when managing the proceeds from a personal injury lawsuit.
Judging from the phone calls, a lot of you have seen my article “Using Plaintiff Structured Settlement Specialists.” I have enclosed a clean reprint for your file.
I submitted the article to TRIAL for several reasons. Of course, I wanted it to generate more clients, more business. This it has done, in spades. But I also wanted it to further spur the “revolution.” The revolution I am speaking of is the one that believes it should be the right of the injured claimant — not the ones that caused the injury — to pick a structured settlement specialist with a fiduciary responsibility to the claimant. It is also the one that believes it should be the right of the claimant to personally select the life insurance company(s) that will be responsible for their lifetime annuity payments.
Is that too much to ask? I mean, since the plaintiff, by execution of the Settlement Agreement, releases the defendants and THEIR insurers, THEIR attorneys, THEIR experts and, yes, even THEIR structured settlement broker, from all further liability, leaving the plaintiff (and possibly, plaintiff’s own attorney) to deal with the consequences of these decisions, is that too much to ask? I think not.
Let’s escalate the revolution. The next time a plaintiff attorney friend or partner talks to you about one of their cases, the kind that may be a candidate for a structured settlement, give them a copy of this Fast Facts and the enclosed TRIAL article. Better yet, if everyone who receives this newsletter and the article would give one copy to two more people, and those two gave it to two more, and so on, and so on, the revolution to “plaintiff’s rights” would be over. It would become status quo.
Filed under: Blog, structured settlements
