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 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.