In this week's edition of Speaking of Settlements, commentator Mark Wahlstrom looks at the implications of the shut down of the Allstate Financial's structured settlement division. Allstate was long considered one of the leading innovators in the area of taxable damage settlements, providing the ability to structured legal fees, taxable damage cases and in some instances punitive damage awards. The impact of the loss of their market narrows the choices on taxable damage structures dramatically.
However as Mark discusses, all is not lost and there are several potential markets who are rumored to be looking to expand into the space that Allstate just vacated, meaning that planning for the short term in how to protect your right to structure on these cases is crucial. Listen to this weeks commentary to learn some of the options you have in taxable damage litigation and other structured sale cases.