Qualified Settlement Fund Myths and Realities

Qualified settlement funds are IRS-qualified tax entities that streamline the settlement process and are managed by expert administrators who ensure smooth operation and asset oversight. Contrary to popular belief, QSFs aren't just for mass torts and class actions. They can handle various claims including torts, breach of contract, and environmental liability.

QSFs offer benefits for both plaintiffs and defendants. Attorneys can secure settlement proceeds in a QSF, providing a safe space for planning without immediate pressure. Defendants gain immediate tax deductions, and plaintiffs can defer taxation on their settlement amounts until distribution. This offers significant financial planning advantages. QSF 360 makes the setup process affordable, with a fee of just $500. Don’t let myths deter you from utilizing this powerful tool. 

Key takeaways: 
- QSFs can resolve various claims including torts, breach of contract, and environmental liability. 
- Defendants can get immediate tax deductions, and plaintiffs can defer taxation on their settlements until distribution. 
- QSF 360 offers a streamlined setup process with a fee of only $500. 

Read more: https://www.easternpointtrust.com/articles/qualified-settlement-funds-dispelling-common-myths-a-listicle

Learn more about QSF 360: https://www.easternpointtrust.com/qsf-360-qualified-settlement-fund