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Settling Easier With Qualified Settlement Funds

TITLE: Settling Easier With Qualified Settlement Funds

Publisher: American Bar Association, Tort Trial & Insurance Section

    Rachel McCrocklin, Chief Trust Officer, Eastern Point Trust Company
    Jeremy Babener, President, Structured Consulting

Plaintiffs and defendants regularly negotiate a settlement “number,” leaving most “everything else” to be figured out later. Once negotiated, defendants want to finalize quickly, while plaintiffs need time to address taxes, investment strategies, liens, and other issues that impact defendants far less. Qualified Settlement Funds (QSFs) allow both sides to meet their goals. This article for the American Bar Association discusses how.

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