Settling Physical Injury Cases: Keeping More of What They Pay

This program provides a comprehensive guide to key tax considerations in personal injury settlements. We’ll cover the importance of clearly substantiating the tax treatment of settlement payments in the settlement agreement, particularly when it comes to damages for emotional distress. Babener also covers the impact of tax laws such as the Alternative Minimum Tax (AMT), the Net Investment Income Tax (NIT), and the Kiddie Tax, explaining how structured settlements can help mitigate these tax burdens. Advisors are reminded to consider tax implications early in the settlement process, as even the initial stages of a lawsuit can significantly influence a claimant’s tax position.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

• Tax treatment of settlement payments
• Deductibility of medical and legal expenses
• Tax implications of lump sums vs. structured settlements

Date / Time: March 14, 2025

• 2:00 pm – 3:00 pm Eastern
• 1:00 pm – 2:00 pm Central
• 12:00 pm – 1:00 pm Mountain
• 11:00 am – 12:00 pm Pacific

Closed-captioning available