Reducing Taxes in Taxable Cases
The Recovery Trust is based on a commonly used estate planning arrangement. Formal tax opinions are available for a minimal fee from a firm of 1,000+ advisors.
Avoid Unnecessary Taxes
Download the Recovery Trust brochure to learn more about the problem, the solution, and next steps.DownloadView online
“Every trial lawyer should know about this. It dramatically reduces client taxes.”
“This saved my client millions. I’d absolutely recommend that plaintiff lawyers consider it. Using the trust was easy and the team was incredibly helpful.”
Increasing Your After-Tax Recovery
Plaintiffs often keep half of what they should, paying tax on winnings their lawyers keep. Lawyers then pay tax on the same money. The Recovery Trust avoids this "Double Tax."
Fees on Savings
Damages that Will Benefit
- Punitive damages & interest
- Alimony & child support
- Emotional distress without physical injury
- Fraud, negligence, breach of contract
- Interference with property/contract
- Defamation, libel, privacy violations
- Professional malpractice
- Opt-in class actions
Damages that Won’t Benefit
- Physical injury without punitives/interest
- Claims for your business or a capital asset
- Some discrimination claims
- Some employment claims
The Recovery Trust at Work
If your injury claim is owned by the Recovery Trust, you're not taxed on winnings paid out in legal fees. Instead, you pay tax only on the amount you keep.
The Recovery Trust supports deferral arrangements of all kinds and durations. Once created, the Recovery Trust distributes ownership of your future payments.
- Non-Qualified Assignments
- Qualified Assignments
- Post-QSF Structures
- Structured Fees
Often, plaintiffs structure less in order to pay taxes on the fee portion of their settlement. The Recovery Trust avoids those taxes, allowing larger or longer payments.
Guardian Ad Litem
“Using the Recovery Trust was a no-brainer. It doubled my ward’s recovery!”
“This makes a huge difference to the client. It also helped them trust us.”
President, American Association of Settlement Consultants
“It was a great vehicle. It increased my clients’ monies by 140% of what they would have had.”
Joe Di Gangi
Past President, Society of Settlement Planners
“The only effective solution I know to the plaintiff double tax. Efficient and professional!”
Advisors, Planners & Brokers
Advisors, planners, and brokers are critical to informing plaintiffs about arrangements like the Recovery Trust. We share 10% of our current and future fees with you on cases brought by lawyers you refer. Thank you for helping their clients avoid unnecessary taxation.
Talk to a Plaintiff Recovery Trust Expert
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