Trust Industry Leaders: EPTC Articles
Discover informative articles by Eastern Point Trust Company, an international leader in trust innovation. With a team of renowned trust experts and a proprietary nationwide FDIC banking network, EPTC provides technology-empowered services to individuals, courts, and institutional clients worldwide. Explore our articles to learn more.
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Qualified Settlement Funds
Litigation and Settlement
Settlement Planning
Tax
Escrow
What Is the Foreign Account Taxation Compliance (FATCA)?
Learn about FATCA, an agreement between the U.S. and 100+ countries to identify non-U.S. financial accounts held by U.S. citizens, to combat tax evasion.
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June 23, 2023
What Is Know Your Client (KYC) In a Nutshell?
Understanding the significance of KYC procedures in finance, including customer KYC verification, risk assessment, and compliance with AML laws to prevent money laundering, terrorism financing, and other financial crimes.
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June 20, 2023
10 Things to Know About the Plaintiff Recovery “Double Tax”
Discover the tax consequences of plaintiff recoveries, including double tax issues, deductions, penalties, and ways to reduce taxes for plaintiffs with taxable recoveries. Learn how to increase after-tax recovery and address taxes before and after settlement.
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June 16, 2023
The Use of Qualified Settlement Funds vs. IOLTA Accounts in Law Firms
Learn about the benefits, requirements, and comparison of QSFs with IOLTAs in the legal industry. Make informed decisions to preserve the client's best interests and comply with ethical standards.
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June 9, 2023
The Duration of Qualified Settlement Funds Under §1.468B-1
QSFs empower a tax-advantaged method for parties in litigation settlements to manage funds, with flexible duration aligned with taxable years. Enjoy added tax and compliance benefits.
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May 31, 2023
The Formation of Qualified Settlement Funds as Trusts According to §1.468B-1
Qualified Settlement Funds (QSFs) offer a practical solution for parties involved in litigation (and non-litigation disputes) to fulfill monetary settlements.
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May 23, 2023
Firmwide Qualified Settlement Funds – What Can Go Wrong? (Part 2 of 2)
Learn about tax penalties, civil claims, and state bar actions upon disqualifying a Firmwide Qualified Settlement Fund (FWQSF). Understand potential consequences and legal implications.
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May 18, 2023
Firmwide Qualified Settlement Funds – What Can Go Wrong? (Part 1 of 2)
An analysis of the use of FWQSFs and the implications of PLR 201833012 and PLR 9549026, along with other IRS comments, in meeting the related claims requirement under section 1.468B-1(c)(2). This analysis sheds light on the potential challenges and limitations of FWQSFs.
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May 16, 2023
Misconceptions Regarding Qualified Settlement Funds
Uncover the truth about QSFs and their benefits, including tax advantages, flexibility, and protection for all parties involved in a legal settlement. Learn how QSFs can be used in cases of any size and by all parties and how they offer cost-effective solutions for managing settlement funds.
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May 9, 2023
Does a Qualified Settlement Fund Claimant Have a Right to Access the Trust Document?
Learn about a QSF Claimant’s right to access trust documents, including types of documents, trustee’s responsibilities, and legal recourse for enforcing access. Explore case law analysis and state law matters.
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May 4, 2023
Navigating the Complexities of Qualified Settlement Funds: Tips for Implementation as a Statutory Trust
Discover the benefits of using a Qualified Settlement Fund (QSF) under IRC Section 1.468B-1. Learn about its advantages, tax benefits, and efficient distribution of settlement funds for a better financial future.
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May 2, 2023
Maximizing Settlement Benefits: The Power of Qualified Settlement Funds for Litigators
Learn the advantages, legal framework, and benefits of QSF for litigators. Find out how to choose the right QSF administrator and maximize settlement benefits.
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April 21, 2023
Maximize Your Settlement Benefits With a Qualified Settlement Fund Under IRC Section 1.468B-1
As someone who may receive a pending settlement or judgment in a lawsuit, you may wonder how to manage best and maximize your funds.
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April 17, 2023
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