Often referred to as a ‘QSF’ or 468B Trust, this settlement option is used frequently in mass tort, class action litigation, and other cases involving multiple plaintiffs to properly resolve these complex matters. When a QSF is established and funded this allows the defendant to pay the settlement and be released from liability, while providing the additional time needed for plaintiff distributions to be determined. This includes clients deciding how to receive their funds whether cash, a structured annuity, or combination of both, and resolve any outstanding liens without delaying payment to any of the other plaintiffs involved in the suit.
At Baldwin Settlements we have a close relationship amongst companies that provide administration for these qualified settlement funds. Part of our service includes:
Provide details of client payments from structured annuity and/or Special Needs Trust
Preparing all necessary documents for the administrator
Generating client statements
Executing qualified assignments