Non-Qualified Annuities
Discover who Quest Settlements is & how we can help your clients achieve financial security
Structured Settlements are traditionally used as a means of resolving personal injury claims, allowing the plaintiff to receive periodic tax-free payments through an established annuity. While cases that don’t involve personal injury won’t qualify for standard tax-free structures, non-qualified structures can be used instead. Quest Settlements is a top provider of non qualified annuities in California for Los Angeles County and San Diego County, helping countless attorneys and their clients get set up with the specific structures they need.
Unlike personal injury cases, the funds from non-qualified cases are subject to both federal and state income taxes. This can be quite problematic for recipients that are truly depending on these funds to meet their financial needs. In order to help claimants hold onto as much of the settlement money as possible, Quest Settlements offers non-qualified annuities with deferred taxation. Rather than having to pay income taxes on a lump sum judgment, claimants can instead pay taxes on the fixed payments they receive over time.
Comprehensive Settlement Solutions
Comprehensive Settlement Solutions
The Main Benefits of a Non-Qualified Annuity
In addition to the primary benefit of tax deferral, a non qualified annuity also allows for the specific payment timing to be customized during setup so that the plaintiff’s needs are carefully taken into account. Additionally, using a non qualified annuity can help expedite negotiations between the parties and reduce associated costs. Our settlement consultants can also incorporate market -based elements in the non qualified structure with potentially great return on investment.
Types of Cases for Non Qualified Annuities
There are many different kinds of cases that allow for the use of non qualified annuities. In a general sense, a non qualified annuity can be used for cases that do not involve the claimant experiencing a personal injury. Specific examples of case types include sexual harassment, breach of contract, fraud, psychological damage claims, divorce settlements, attorney fees and issues relating to employment. The skilled settlement consultants at Quest Settlements have substantial experience with non-qualified structures in California for an array of different case types.
Ultimately, non qualified annuities offer a great way for claimants in non-personal injury cases to retain as much of the settlement or judgment money as possible. The last thing plaintiffs want is for a large part of those funds to be drained by federal and state taxes. The dedicated team at Quest Settlements works closely with attorneys and claimants all across LA County and San Diego County to ensure that the non qualified settlements are properly set up to meet the claimants’ needs and offer the best possible benefits.
Quest Settlements is available 24 hours a day, 7 days a week to help with non qualified annuities, standard structured settlements, special needs trusts and much more. If you’re in or around the Los Angeles area, please reach out to us at (805) 823-6100. If you’re an attorney or claimant in the San Diego area, give us a call at (619) 391-2578. You truly won’t find more comprehensive advisory services or a better settlement experience anywhere else.