We represent clients from all U.S. and International locations regarding Federal Tax and California Issues.
A structured settlement is an agreement that allows a plaintiff to convert a lump sum payment into a stream of many smaller payments (annuity payments). It is extremely important for an attorney to consider the tax treatment of his client’s structured settlement because otherwise it could result in malpractice liability. Indeed, many practitioners strongly believe that this liability cannot be drafted away in an engagement letter.
