Call or Text Us: (904) 200-0233
Call or Text Us: (904) 200-0233
How We Develop Settlement Plans
In our introductory meeting, we gather facts about our client:
- What sources of income and health coverage are available?
- What liabilities do they have?
- What are their needs, wants, wishes, and fears?
From there, we can manage expectations and begin to curate an optimal settlement plan specifically for them.
First Considerations
What sources of income does the client have?
- SSI
- SSDI
- Wages
- Net Settlement Recovery
What sources of health coverage does the client have?
- Medicaid
- Medicare
- Private insurance
- Credit card debt
- Mortgage or rent payments
- Car payment
- Food expenses
- Other monthly expenses
- What income is necessary to meet their monthly needs?
- What immediate purchases are necessary?
- What keeps the client up at night or causes anxiety?
- What does the client want this money to do for them?
Second Level Of Diligence
- What is the client's education background?
- What is their experience with insurance products and investments?
- What is their overall current financial situation?
- Will need to protect Medicare and Medicaid's interests to maintain benefits
- Options for Medicaid include spending down on exempt resource(s) or utilizing a special needs trust
- Options for Medicare include setting aside an allocated amount from settlement to cover future medical related to injury or utilizing an annuity for periodic payments totaling the allocated amount over time.
- Traditional fixed structured settlement
- Index-linked structured settlement
- Deferred indexed annuity
- Settlement trust
- Managed investment account
- Medicare Set-Aside (if needed)
Implementation
- All annuity companies rated "A" or better by at least one NRSRO
- Create QSF if annuity company is not on "approved list" of limited choices
- Considerations are experience, reputation, and costs
- We draft the necessary documents: release language, assignment agreement, and court order language (if required).
- Funding for tax-free/tax-deferred solutions comes directly from defendant/insurer/QSF
- Funding for all other solutions goes to attorney's trust account for disbursement to client or trust.
If you fail to plan, you are planning to fail!
Benjamin Franklin, Founding Father of United States
Copyright © 2025 Bua Settlements LLC - In collaboration with Mirena and Company (www.mirenaandco.com) and structured settlements placed through Sage Settlement Consulting (www.sagesettlements.com)
Bua Settlements LLC does not provide tax or legal advice. Information contained herein is not tax advice nor is it intended or written to be used, and cannot be used, for the purpose of avoiding any tax penalties. You should seek advice based on your circumstances from an independent tax advisor if you have tax-related questions.
Guarantees are subject to the claims-paying abilities of the issuing insurance company. Company ratings referenced on this website are issued by Nationally Recognized Statistical Ratings Organizations (NRSRO) registered with the Securities & Exchange Commission (SEC) and approved by the National Association of Insurance Commissioners (NAIC). Ratings are opinions and not guarantees of performance.
Bua Settlements LLC does not sell securities and is not licensed to do so.
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