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Case Study 1: Employment Litigation Wrongful Termination

 

Situation

Sarah, a former employee of ABC Power Cooling, Inc., was wrongfully terminated after she reported unethical activity involving her senior colleagues. Sarah and her legal team file a complaint against ABC Power Cooling, Inc.

Settlement

As part of the wrongful termination settlement, Sarah will be awarded a large sum of money.

Solution

After consulting with her White House Financial & Settlement Consulting and tax advisor, Sarah and ABC Power Cooling, Inc. agree to settle for periodic payments. This helps Sarah manage her transition and spread her tax liability over the duration of her annuity.

Why Non-Qualified Annuity (NQA)?

Outsource liability management with a trusted carrier: By utilizing our NQA, ABC Power Cooling, Inc. may be able to avoid a trial and its associated costs while transferring the periodic payment obligation to a company with strong financial quality ratings.

Manage cash flows and tax impact for claimant: If managed properly, a sizeable settlement is incredibly helpful as a claimant transitions. With an NQA annuity, Sarah can rely on her guaranteed(1) settlement income while deferring the tax(2) impact.

For 20 years we have been Michigan's premier and ONLY Plaintiff Focused Structured Settlement Consultant. 

Please contact us early at (734) 433-1670 or cyril@whitehousellc.com and let us help you and your clients maximize your hard earned settlement dollars call!  www.whitehousellc.com


(1) All guarantees are subject to the financial strength and claims-paying ability of the Life Insurance Company funding the Structured Settlement Annuity.

(2) White House Financial & Settlement Consulting does not offer offer tax or legal advice. Any discussion of taxes in this material is intended to be general in nature and based on our understanding of the tax laws as they currently apply. Tax laws are subject to change and to different interpretation. You should consult your own tax advisor to determine how the tax law applies to your situation.


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