Attorney Fee Deferral
Structuring Your Attorney’s Fees
Creating pre-tax fee structures allows you to maximize the value of your fee and have it align with your cash flow needs. As a plaintiff attorney you have the unique option of planning for your future with an uncapped 401 (K) that is customized to your risk tolerance and time horizon.
Create Customized Payment Streams
Attorney fee structures can be used to create customized payment streams to help you meet your personal needs and goals.
Craft monthly payments to assist with your home mortgage.
Supplement or create your retirement plan with a guaranteed element.
Have deferred payments made to your firm, guaranteeing income to help meet your payroll and office expenses.
Fund educational costs for your children.
Deferred-Taxation for Attorneys
A tailored fee structure can help attorneys lower their tax obligation each year. Regardless of whether a plaintiff chooses to use a structured settlement option for their case proceeds, an attorney can still opt to defer their fees if it is included in the settlement agreement.
Deferring fees help’s you to cushion your retirement plan and can also be used as a fixed income annuity. This means that you would only report the income on years when payments are received, ideally during times when you have less revenue coming in from your practice. Deferred taxation strategies are flexible and can be personalized to meet your specific financial needs, now and in the future.
Funding Your Future
LawVest was created to not only help plaintiffs protect and preserve their settlement to provide a lifetime of stability, but also to help attorneys use their settlements to fund retirement, mitigate risk by funding firm expenses, and defer tax liability. Through strategic, tailored attorney fee deferral, we can help attorneys maximize the contingent fees they receive from a case.
Start Planning Today
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