Home    |     About JMW    |     Services    |     Resources    |     Contact Us
FAQ for Trial Attorneys
  1. Introduction
  2. What is a Structured Settlement?
  3. Advantages to the Plaintiff
  4. Disadvantages to the Plaintiff
  5. Managing the Disadvantages
  6. Appropriate Cases
  7. Inappropriate Cases
  8. Case Size
  9. Why Annuities?
  10. Annuity Pricing
  11. Reduced Life Expect. Discounts
  12. What is an "Assignment"?
  13. Structure of the Deal
  14. Insurance Company Ratings
  15. The Closing Process
  16. What Settlement Brokers Do
  17. How Are SS Brokers Paid?
  18. If the Defense Has Their Own Broker, How will My Broker Be Paid?
Home Page > "How to" For Trial Attorneys >ABC's

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.