Non-qualified assignments offer significant benefits to both defendants and plaintiffs resolving lawsuits with taxable damages-those that do not meet the income tax exclusion for personal physical injury, physical sickness or workers compensation [IRC 104(a)(1) or IRC104(a)(2)]
Registered Settlement Planner and structured settlement expert John Darer gives an overview of non-qualified assignments which can be used in environmental, divorce, employment, property cases, commercial disputes and structured attorney fees as well as other non-litigation applications like deferral of celebrity endorsement fees, lotteries and contests and structured installment sales (an alternative to the 1031 Exchange or as a 1031 fall back)
More information Non Qualified Assignment (Tax Deferred Structured Settlements)
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