What Do Settlement Brokers Do?

A settlement broker's primary job is to secure maxiumum financial benefit for their client during the settlement of a claim utilizing the various financial techniques, services, and products unique to their trade. You should rely on your broker to do the following:

• Verify the value of settlement offers
  
  
• Help "prep" your clients:
  
  
  • explain structures
    
    
  • answer questions
    
    
  • develop custom plans
    
    
  • reassure family members and others at interest
    
    
• Provide tactical support
  
  
  • Confirm use of fair market pricing
    
    
  • Ensure that pricing discounts inure to your client
    
    
  • Prevent use of questionable funding arrangements
    
    
  • Manage structure issues, freeing you to focus on legal matters
    
    
• Optimize Financial Results
  
  
  • Establish maximum tax efficiency

    Tax-free payments for physical injuries

    Tax-deferred payment for non-physical injuries
    

  • Ensure maximum security
    

    Quality of funding instruments
    

    Diversification of funding instruments

    More than one annuity company

    More than one kind of annuity (where suitable)

  • Preserve eligibility for government benefits

  Via special needs trusts and other specialized tools and techniques

• Handle future questions from clients

  Minimize the time you spend taking calls from former clients on structure-related issues.

Retaining your own expert demonstrates due diligence and assures the achievement of favorable financial results for your client.