How Structured Settlement Annuities Help Plaintiffs in Taxable Cases скачать в хорошем качестве

How Structured Settlement Annuities Help Plaintiffs in Taxable Cases

In this video, Greg Maxwell, a settlement planning attorney and Certified Financial Planner, delves into the complexities of tax implications on legal settlements. Greg explains the "origin of the claim" rule and its effect on settlement taxation, particularly highlighting the conditions under which settlements are taxable or tax-free. Structured settlement annuities can be utilized in taxable cases to spread payments across multiple tax years, potentially lowering overall tax rates and reducing the tax burden. Get an estimate of your legal settlement tax bill with our free Settlement Tax Calculator: settlementtaxcalculator.com. Book your free 15-minute phone call at amicusplanners.com/call. If you have any questions about this video, please call Greg Maxwell at (801) 683-5998, email Greg at [email protected], or book a free 15-minute phone call with Greg at https://go.oncehub.com/Amicus-15Minutes. Chapters: 0:00 - Introduction 0:32 - Legal Disclaimer 0:38 - Taxes on Settlement 1:08 - General Rule on Settlement Taxes 1:30 - Case settlement taxation examples 2:45 - Structured Settlement Annuity 3:07 - How Structured Settlement Annuities Help in Taxable Cases 3:14 - Illustration of Example Payout 3:47 - Comparison of Payout 4:21 - Additional Benefits of Annuities 5:30 - Summary 6:22 - Book A Free 15-Minute Call 7:03 - SettlementTaxCalculator.com 7:20 - Important Reminder ------------------------------------ YouTube Content: ------------------------------------ To view our Settlement Planning Quick Tip series, visit: https://amicus.llc/Quick-Tip You can subscribe to the Amicus Settlement Planners YouTube channel by clicking here: https://amicus.llc/YouTube ------------------------------------ Contact Amicus: ------------------------------------ Website: https://www.AmicusPlanners.com/ Email: [email protected] Phone: (801) 683-5998 ------------------------------------ Follow us on Social Media: ------------------------------------ Twitter: https://amicus.llc/Twitter Facebook: https://amicus.llc/Facebook YouTube: https://amicus.llc/YouTube LinkedIn: https://amicus.llc/LinkedIn ------------------------------------ Blog Content: ------------------------------------ To read our latest articles and see our latest settlement-related content, visit the Amicus Settlement Planners blog: https://amicus.llc/Blog-Articles ------------------------------------ Video Summary: ------------------------------------ In this educational video, Greg Maxwell, a settlement planning attorney and Certified Financial Planner, provides a professional insight into the tax implications of legal settlements. He discusses the default taxability of legal settlements and judgments, focusing on the critical "origin of the claim" rule, which determines the tax treatment based on the lawsuit's underlying claims. Section 104 of the tax code is also discussed, explaining its role in exempting settlements for personal physical injuries from taxation. He then introduces structured settlement annuities as a strategic tool in taxable cases, explaining how they allow for the distribution of settlement payments over multiple years, potentially reducing the overall tax burden. Planning for tax savings must occur before the settlement is finalized. We offer free consultations and personalized tax savings analyses to help individuals determine how much they can save using these strategies. We also have a proprietary settlement tax calculator available at SettlementTaxCalculator.com to estimate potential tax savings.