Motives for Hiring a Settlement Planner Part 2

Whether it’s personal injury, workers’ compensation, or labor employment dispute cases, Synergy Settlement Services offers clients the opportunity to benefit from our unique and comprehensive settlement planning services. Whether it’s assistance with mediation or supplying our clients with long-term solutions for their settlement needs, we are here to offer our clients the support they need.

In this two-part article, we first focused on many of the immediate benefits that a settlement planner can provide for a personal injury plaintiff’s attorney and the plaintiff when it comes to “crunching numbers” during a mediation. In the second section, we will discuss the benefits of establishing a settlement management trust for injury victims during their recovery process.

Reasons Why Injury Victims Need a Trust

Injury victims and their families have a lot of serious issues to deal with even after receiving a fair settlement. As if the stresses of adapting to life with a debilitating injury aren’t enough of a challenge, the majority of plaintiffs that are the recipient of a lump sum of cash in a settlement end up squandering their fiscal total much quicker than anticipated. Having an established irrevocable trust set in place can be the perfect compromise for providing the plaintiff with the money they need in the short-term while also setting aside some assets for future use.

Benefits of Settlement Trust

There are a variety of benefits to having a settlement management trust in place instead of having the injury victim receive the full amount of money in one lump sum payment. Here are some of the main reasons why this is a beneficial system for an injured party to utilize.

  • Long-Term Protection: Many times the injured party is uneducated in managing their finances and the settlement money is gone in less than 5 years. Having a settlement management trust in place that is managed by a settlement trust expert or fiduciary will prevent this from happening.
  • Maximizing the Settlement Amount: The settlement planner can help build an exclusive, flexible plan that suits the injured party’s financial needs in the short-term, but also provides the right medical care for the injured party in the future and maximizes their settlement amount.
  • Covering the Details: With the right settlement management trust in place, the trustee can handle intricate details like seamlessly integrating structured settlements into the trust, preparing tax returns for the injured party, or helping them obtain government benefits that can help preserve the settlement amount for future use as well.

For more information or to schedule a consultation, please contact us today.

Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.


"I recently engaged Synergy to assist with a complicated PTD settlement involving a substantial Medicare Set Aside. The claimant’s wife has been providing full time attendant care which is not Medicare covered. The Synergy nurse was able to do a full analysis of non-Medicare covered expenses which far exceeded the value of the MSA analysis performed by the carrier’s contracted MSA provider. The non- Medicare figures became the main focus of the settlement negotiations and more than doubled the value of the case. Although I could estimate the attendant care figures, the nurse added in other items that I would not have routinely considered. I also asked Synergy to evaluate the EC’s MSA as well as their prescription review. Synergy offered insight about the prescription donut hole which I did not have a clear understanding about. Again, their insight and information added a great deal of value to the overall settlement. Not only did I learn from Synergy but was able to educate my clients in the process. These are very complex and complicated areas; I will use Synergy again and again!"

Rosemary Eure
Lancaster & Eure

"I was smart enough to hire Synergy Lien Resolution Services. Kudos to Synergy for tracking down ALL the medical bills, hounded Medicaid to pay them all, got all providers to state zero balances and then negotiated Medicaid down to accept $30K [down from 200k] to wipe out all of the medical bills."

Marianne Howanitz, Esq
Marianne Howanitz Law Offices

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