FONDI DI REGOLAZIONE QUALIFICATI
NFP Structured Settlements ha aiutato numerose parti a raggiungere i propri obiettivi tramite l'uso di fondi di transazione qualificati e ha sviluppato un processo efficiente per gestire tali casi. Gli avvocati querelanti favoriscono questi accordi di finanziamento perché hanno un maggiore controllo sui fondi di transazione mentre determinano gli importi di distribuzione appropriati per i loro clienti. Ottenere il denaro in anticipo elimina il rischio di insolvenza del convenuto o del suo assicuratore e consente di avere tempo per un accordo sull'assegnazione e la negoziazione delle richieste di privilegio.
Inoltre, i querelanti hanno maggiore flessibilità nel fare scelte appropriate per la distribuzione dell'accordo in contanti, in accordi strutturati che possono fornire un flusso di reddito sicuro o in trust per esigenze speciali per preservare Medicaid e Supplemental Security Income. Le parti lese possono anche beneficiare dell'accumulo di interessi nel trust di accordo qualificato (QSF) se le distribuzioni non sono tempestive.
Sfondo
The designated settlement fund (DSF) concept was created in 1986 under Section 468B of the IRC to enable defendants to deduct amounts paid to settle multi-plaintiff lawsuits before it was agreed how these amounts would be allocated. In these cases, the defendants and plaintiffs had agreed how much the defendant or their insurers would pay to settle the cases collectively, but not individually. The defendant benefits by accelerating its deduction to the date that the settlement amount is paid to the designated settlement fund rather than when each plaintiff is paid.
In 1993, the Treasury issued regulations for the qualified settlement fund in 26 CFR 1.468B-1. When a qualified settlement fund is established, it assumes the tort liability from the original party before the settlement is made, at which time the original party is dismissed with prejudice.
The qualified settlement fund then stands in the shoes of the original party with the plaintiff. The fund may enter into a settlement agreement with the plaintiff(s) and can enter into a qualified assignment, pursuant to Rev. Proc. 93-34.
A qualified or designated settlement fund should be considered in tort, class action, or environmental (CERCLA) lawsuits involving one or more claims, and when the defendant(s) or insurance carrier(s) is (are) willing to comply in exchange for a complete general release from the plaintiffs.
Under these circumstances, the court can order that the defendant pay the agreed settlement amount into a qualified or designated fund within the meaning of the 468B-1 of the Treasury regulations. This can be a simple checking account or a more complex trust agreement using a bank trust department. The settlement proceeds remain in the QSF or DSF subject to the continuing jurisdiction of the court. After the dispute is resolved, the court approves the allocation and orders the payment of settlement proceeds, and the fund may be closed.
NFP Structured Settlements works with partners who provide the services required to establish and maintain a qualified settlement fund.
