How to Use Qualified Settlement Funds

September 19, 2022 by Rachel Minyard

Have you heard of Qualified Settlement Funds (QSFs)? QSFs can allot more time for strategic financial planning after a settlement.

Our friend and attorney Sam Dolce, who oversees QSFs at Milestone Consulting, gave an overview of 3 different ways to use QSFs in a past webinar recording: https://vimeo.com/advocatecapital/3differentwaystouseqsfs

Per our partners at Milestone Consulting, “Firmwide QSFs are created around cases that have commonality, such as cases in one practice area, handled in a specific region, and/or by one law firm.”

Want to learn more? Fill out a contact form or call us at: 1.877.894.9724

Creating a firmwide qualified settlement fund is an excellent way for a law firm to leverage its settlement and have an effective tax planning solution.

About Rachel Minyard

Rachel Minyard, Vice President of Marketing, joined Advocate Capital, Inc. in 2016. Ms. Minyard has a background in reporting, directing and producing media. Her goal is to help communicate Advocate Capital’s purpose to help plaintiff attorneys get even better results for their clients.

* In most jurisdictions, a law firm can recover finance charges related to funding case expenses from case awards, but the compliance requirements can be too expensive to implement. Only Advocate Capital, Inc. has the proprietary AdvoTrac^® expense tracking system and service team that allows firms to easily comply with allocation and reporting requirements. So, for example, if a firm recovers at least 90% of its advanced case expenses, like most of our clients, the annual net cost of funds is very small-typically less than 1%. Contact us to discuss how our program can work for your firm. All loans are subject to credit approval, and terms and conditions may vary.

Financial Services provided through Pinnacle Bank, a Tennessee Bank, which is a Member FDIC and Equal Housing Lender. Loans may be subject to credit approval.

About Rachel Minyard

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