White House Financial & Settlement Consulting, LLC helps families live an easier and less stressful life through the achievement of their financial goals by providing comprehensive, fee-only, client focused financial advice and exceptional service.
Search This Blog
Forbes Article on Structured Settlements
Please check out this great article on structured settlements recently in Forbes magazine.
This week I was contacted by the father of a young man,
let’s call the young man Joe who is age 20.
Joe had suffered a traumatic brain injury as the result of an auto
accident and had received a settlement of $50,000. Joe’s father was concerned because Joe had
already blown through half his settlement in a month due to his discovery of
cocaine, which some new “friends” he was spending a lot of time with introduced
Joe’s father had heard of something called a Structured
Settlement, which he thought may help preserve the remainder of Joe’s
settlement from being squandered. Structured
Settlements are a financial vehicle which have been around since the 1980’s that
facilitate receiving a legal settlement with interest income tax free over time
and can sometimes have benefits over receiving the settlement all at once in a
lump sum, as in this case.
Joe’s father contacted me because my firm, White House
Settlement Consulting that I founded in 2001, has been helping injury victi…
We were recently engaged on a case by one of our plaintiff attorney clients. The case involved a young lady who was severely injured in an ATV accident when she was in high school. She is currently 19 years old. There was a facilitation in the case where she was presented with structured settlement proposals by the defendant insurer's structured settlement broker. These proposals only confused the young lady because they had nothing to do with her actual goals and financial needs. We met with her and her mother at their home and crafted a customized financial plan that included both structured settlement annuity and other investment vehicles to secure both her short and long term financial needs. We were very happy to be able to help this young lady and her family by taking some of the confusion and worry out of her future!