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Settlement Services
We Protect Financial Futures.
Morrow Settlement Services offers an array of settlement planning solutions for your clients and your firm. Whether you have an individual case, or need assistance with mass tort administration and planning, we work to custom design the best settlement plans to protect financial futures.
STRUCTURED SETTLEMENTS
As an alternative to receiving a lump sum settlement award, structured settlements allow plaintiffs to receive all or a portion of their settlement in future, tax-free periodic payments. With the ability to completely customize payment plans, structured settlements offer both flexibility and financial security.
A structured settlement also makes an ideal planning tool for many of life's other financial challenges such as paying for a child's college education, planning for retirement, estate planning, or fixed income investing.
TRUSTS
In certain cases a trust may be added to the settlement plan to meet the needs of the settlement recipient. Trusts offer flexibility and unique financial advantages, including government benefit protection. If a settlement award recipient is receiving valuable government benefits such as SSI (Social Security Income) or SSDI (Social Security Disability Income), a trust may be used to maintain eligibility in these programs.
LIEN RESOLUTION
Plaintiff lawyers have an obligation to identify and resolve Medicare, Medicaid, and private health / ERISA liens as they relate to personal injury lawsuits. These obligations, if not handled properly, could result in loss of eligibility for government benefits and other programs.
Our firm works directly with The Centers for Medicare and Medicaid services (CMS) and other benefit providers to effectively and efficiently resolve outstanding lien issues affecting a settlement.
MEDICARE SET-ASIDES
In some cases, a portion of settlement funds may need to be reserved to cover future medical expenses related to a personal injury lawsuit. A Medicare Set-Aside is simply an allocation of funds set up in a trust to pay for these future medical costs. Our firm will guide you through the process and provide options if a Medicare Set-Aside (MSA) is needed.