To schedule a 30-minute call with Greg Maxwell, please visit: https://go.oncehub.com/call-with-greg-maxwellIn this special episode, attorney Greg Maxwell shares a powerful tax planning strategy that allows plaintiff attorneys to significantly

How Employment Attorneys Can Dramatically Increase Their Clients After-Tax Net Recovery

Nov 26th, 2023 19m 57s

To schedule a 30-minute call with Greg Maxwell, please visit: https://go.oncehub.com/Greg30MinCallIn this special episode, attorney Greg Maxwell shares with attorneys a powerful tax planning strategy that can significantly increase their clie

Taxable Damages Cases: How Plaintiff Attorneys Can Double (or Triple) Their Client's After-Tax Net Recovery

Nov 6th, 2023 41m 50s

To schedule a 30-minute call with Greg Maxwell, please visit: https://go.oncehub.com/Greg30MinCallSince the Tax Cuts and Jobs Act of 2017, plaintiffs have been taxed on the full gross recovery in cases not based on personal injury (including

Options to Protect Your Client's Medicaid / SSI

Nov 15th, 2021 4m 52s

Plaintiff attorneys often ask us what the options are for clients to maintain needs-based government benefits after receiving a settlement.In this episode, Greg Maxwell outlines the four main options available to clients on needs-based benefi

How to Establish a Structured Settlement Annuity For Your Client

Nov 8th, 2021 2m 53s

A structured settlement annuity can be an excellent option for a client receiving a settlement from a personal injury.In this episode, Greg Maxwell outlines the process of establishing a structured settlement annuity for a settling client.C

How to Help a Past Client Get the Best Deal if They Want to Sell Their Annuity

Nov 1st, 2021 3m 6s

If a past client finds themselves in a situation where they may need/want immediate access to cash, it's not uncommon for them to be tempted by predatory factoring companies. (Think of the commercials with the singing, dancing Vikings...)In t

Tax Planning Tips for Personal Injury Attorneys

Oct 25th, 2021 3m 20s

In addition to the typical tax planning strategies recommended to most business owners (e.g., 401(k), IRAs, etc.), personal injury attorneys have access to some powerful tax planning options that are unique to contingency fee-based attorneys.

How to Choose a Trustee for a Settlement Protection Trust or a Special Needs Trust?

Oct 18th, 2021 4m 31s

When we work with a client to set up a settlement trust, one of the most important decisions we make with the client is helping them choose the trustee of the trust.In this episode, Greg Maxwell discusses the two most common trustee options,

The Difference Between a Structured Settlement and a Fixed Income Annuity

Oct 11th, 2021 3m 37s

For clients in a low-income tax bracket, not every client necessarily needs the tax benefits that a structured settlement annuity provides. In some cases, a fixed income annuity may be the better option (due to higher long-term rates of return)

Fee Deferral Best Practices for Growing Wealth Successfully

Oct 4th, 2021 3m 32s

We work with contingency fee-based attorneys nationwide to help them establish deferred compensation plans. In this episode, Greg Maxwell shares the specific planning approach that has yielded the best results for our clients. (Hint: it doesn

When to Recommend a Special Needs Trust for a Settling Client

Sep 27th, 2021 2m 50s

A special needs trust is a valuable settlement tool — but may not be an available or viable option for many clients.In this episode, Greg Maxwell discusses when it may make sense to recommend a special needs trust to a settling client. Cont

The Benefits of a Structured Settlement Annuity

Sep 20th, 2021 3m 30s

One of the main benefits of using a structured settlement annuity with a personal injury client is the annuity provides dissipation protection.In this episode, Greg Maxwell talks about why dissipation protection is so important — and he share

What are the Differences Between a 401k Plan and a Deferred Compensation Plan?

Sep 13th, 2021 4m 24s

We often get asked by attorneys whether they should max out their 401(k) plan or instead establish and fund a deferred compensation plan.In this episode, Greg Maxwell discusses the differences between a 401(k) plan and a deferred compensation

What Is the Difference Between a Special Needs Trust and an ABLE Account?

Sep 6th, 2021 3m 12s

Special needs trusts and ABLE Accounts provide similar benefits, but there are some key differences.In this episode, Greg Maxwell discusses the differences between special needs trusts and ABLE accounts, and when to consider one (or both) for

What Happens When a Past Client Decides to Sell Their Annuity?

Aug 30th, 2021 3m 20s

In some cases, clients who have set up structured settlement annuities are marketed to about selling their future payments in exchange for a lump sum. These deals are rarely a good idea for clients.In this episode, Greg Maxwell shares what ca

How to Defer Contingent Legal Fees Using Two Different Funding Vehicles

Aug 23rd, 2021 4m 18s

When deferring contingent legal fees, attorneys have the option to use either a structured settlement annuity or a deferred compensation plan as the funding vehicle.In this episode, Greg Maxwell talks about the process of deferring fees using

What Are the Special Needs Trust Distribution Guidelines?

Aug 16th, 2021 3m 24s

A special needs trust cannot pay for expenses that SSI is already paying for; otherwise, a beneficiary can use the funds in their special needs trust to pay for nearly anything that the beneficiary may need.In this episode, Greg Maxwell talks

Are Structured Settlement Annuities Taxable?

Aug 9th, 2021 2m 10s

One of the most common questions we get from settling plaintiffs is this: "If I choose a structured settlement annuity for all or a portion of my settlement, are the future payments taxable?"In this episode, Greg Maxwell discusses the code se

How to Use Deferred Compensation Plans to Attract and Retain Key Associates

Aug 2nd, 2021 2m 55s

Many attorneys struggle to attract and retain key associates without having to give up equity in their firm.In this episode, Greg Maxwell discusses how attorneys can use deferred compensation plans as an incentive ("golden handcuffs") to reta

How to Protect Clients From a Large Tax Bill in Taxable Damage Cases

Jul 26th, 2021 2m 58s

Plaintiffs in taxable damage cases are often left with a large tax bill as a result of their settlement (due to changes from the Trump tax laws).In this episode, Greg Maxwell shares how attorneys can help mitigate their client's tax liability

How Can Attorneys Protect Clients with Annuities from Factoring Companies?

Jul 19th, 2021 3m 11s

Factoring companies ("cash now" companies) often prey on injury settlement recipients and convince them to sell their future annuity payments.In this episode, Greg Maxwell discusses how attorneys can protect their clients from these predatory

This Tax Law Allows Personal Injury Attorneys to Defer Their Legal Fees

Jul 12th, 2021 2m 58s

Unlike other professionals (or even other lawyers), personal injury attorneys have the unique ability to defer their legal fees to future tax years.In this episode, Greg Maxwell shares the case law that allows for contingency fee-based attorn

Who Is Eligible for a Special Needs Trust?

Jul 5th, 2021 3m

A special needs trust is a great solution to help personal injury settlement recipients keep their Medicaid and SSI benefits after receiving a settlement.In this episode, Greg Maxwell outlines the eligibility requirements for a special needs

Flow of 1099s When Using a Deferred Compensation Plan

Jun 28th, 2021 1m 59s

When we work with attorneys to establish their deferred compensation plans, they often ask us how to handle IRS Form 1099s.This episode outlines the typical flow of 1099 forms when a plaintiff attorney defers contingent legal fees into a defe

An Outsourced Solution to Government Benefits Planning

Jun 21st, 2021 4m 47s

In this episode, Greg Maxwell outlines the benefits of our proprietary Government Benefit Assessment.The Assessment allows your firm to outsource government benefits planning issues to our firm — all at no cost to your firm. In short, our g