QUALIFIED SETTLEMENT FUNDS

Is my case OK for a qualified settlement fund?

A Qualified Settlement Fund (QSF) is a special purpose trust that is created to hold settlement funds for a pending lawsuit. The funds in a QSF can be used for various purposes, including paying attorney’s fees, reimbursing expenses, and paying out settlements to claimants. However, not all cases are eligible for a QSF. Here are some of the cases that are typically eligible for a QSF:…

Who we are

We are the nation’s most experienced in qualified settlement fund administration and the tax issues arising in the settlement of litigation.

Education

B.A., University of California at Berkeley

J.D. U.C.L.A. School of Law

LL.M. (in taxation) New York University

Work

The Settlement Law Group 1997-present

Tax Partner, Brobeck, Phleger and Harrison

Tax Associate Donovan Leisure Newton and Irvine

Experience

Administrator of qualified settlement funds in the nation’s largest drug, product, sexual discrimination and priest-abuse cases totaling  over $1,000,000,000 and hundreds of thousands of claimants from 1997 to the present…

What we do

Formation, Court approval and administration of qualified settlement funds. Administration includes:

  • Tax compliance, tax returns and 1099 information reporting;
  • Allocation of aggregate settlements among claimants;
  • Tax advice to claimants;
  • For funds of long duration, investment of fund assets for maximum security and tax efficiency;
  • Payment of approved claims to plaintiffs;
  • Payment of attorney’s fees and costs;
  • Payment to lienholders;
  • Periodic reporting to claimants of their fund balances;
  • Periodic reporting to  court of fund financial condition;
  • Tracing of claimants who have disappeared;
  • Compliance with claimant bankruptcy or deaths;
  • Cy pres distributions upon termination of distributions;

Where have we appeared?

Publications

Recent Developments in the Use of Qualified Settlement Funds, Tax Notes, Vol. 103 Number 7, February 14 2022.

Exploring Disputed Ownership Funds, Tax Notes, Vol. 166 Number 10, March 9, 2020.

Structured Settlements: The Failure of “Fixed and Determinable,” Tax Notes, September 16, 2019.

Fixing the Definition of Physical Personal Injury, Tax Notes, Vol. 103 January 10,2022.

Homeless Real Estate Income and OVDI-19 Timing Changes, Tax Notes, Vol. 167 Number 6, May 11, 2020.

The Origin of the Personal Injury Exclusion, Tax Notes, Vol. 97, Number 6, August 10. 2020.