Synergy Blog

Deferred Attorney Fees Can Really Add Up: Congrats to Synergy Law Firm Client Accumulating 1M in Fee Structures

Synergy wants to congratulate one of our best clients on achieving one million dollars in deferred legal fees since 2004.  The firm made the decision that out of every significant settlement, the three partners would set aside anywhere from $25,000 to $100,000 of their legal fees in attorney fee structures.  Even though they set aside a small amount of each fee earned over the years, it has added up to a large amount today.  Since they used attorney fee structures, the fees were invested pre-tax and are tax deferred until payments begin.  Given the fact that every financial plan should include fixed income, attorney fee structures or other tax deferral mechanisms for lawyers should be seriously considered.  Using these mechanisms it allows for investment in fixed income vehicles on a pre-tax basis and the money grows tax
deferred until distributed.

To learn more about tax-deferral strategies visit http://www.structuredfees.com/

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TESTIMONIALS

"Synergy Lien Resolution Services was extremely knowledgeable and effective in assisting to reduce our client's insurance lien. They were a pleasure to work with, extremely professional, and went above and beyond the scope of our expectations. Many times, throughout our case, they worked after business hours to accommodate our needs. The end result was a huge savings for our client and we hope to utilize the Synergy again in the near future."

Joni Hautamaki
Didier Law Firm

"In my twenty-two year career as a trial lawyer I've handled my share of catastrophic cases and structures, but imagine the complexity of an engaged, unwed mother catastrophically injured during delivery, giving birth to a healthy child, but left in a vegetative state? The issues of guardianship and entitlements of the newborn, the rights of the biological father-fiancé, an out-of-state teenage child of the mother, lifetime maintenance of the mother, as well as the rights of family of the mother, who became her primary care-takers? Synergy systematically managed the seven figure tender of one defendant, the establishment of a Qualified Settlement Fund, a Special Needs Trust, and multiple structures, all the while concurrently maintaining the various entitlements to ancillary services, as well as the remaining litigation. Everything was handled professionally, timely and literally without a hitch. Truly an amazing feat."

Marcus J. Michles II
Michles & Booth

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