Perspective
Oct. 25, 2011
Assignment agreements in structured settlements: a proposal for change
Litigation rollover accounts may be the answer to your client's objections. By David M. Higgins of Higgins Settlement Law
Two agreements make up a structured settlement arrangement. One is the traditional settlement agreement with language to comply with the tax rules. The other is an agreement between the defendant (or its insurer) and an "assignee" to assume the defendant's (or insurer's) obligations under the settlement agreement.
The Internal Revenue Code is responsible for the complexity of these two agreements. The two benefits o...
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