Making the Connection

United Assignments SCC is an independent assignment company. Founded by respected settlement industry veterans, United Assignments connects plaintiff attorneys and their clients to tax-advantaged settlement solutions.

 

Qualified vs. Non-Qualified Assignments

 

United Assignments accepts non-qualified assignments of periodic payment obligations. Unlike a qualified assignment, where you have a physical injury claim and a tax exemption under Section 104 of the Internal Revenue Code, a non-qualified assignment is typically ineligible for tax exemption.

However, a non-qualified assignment can provide the opportunity to leverage income tax deferral for a variety of claims, including:

  • Attorney Fee Deferrals

  • Construction Defects

  • Contract Disputes

  • D&O and E&O Claims

  • Discrimination

  • Divorce Settlements

  • Employment Litigation

  • Environmental Claims

  • Fraud Claims

  • Legal Malpractice

  • Installment Sales

  • Non-Physical Injury Claims

  • Property Disputes

  • Punitive Damages

  • Sexual Harassment

  • Sexual Misconduct

Attorney contingency fees are eligible for a non-qualified assignment, even if the claimant decides not to receive their settlement funds as periodic payments.

United Assignments can also utilize a non-qualified assignment to accept physical injury-related settlement proceeds on an income tax-free basis.

For more information about the assignment process, click here.

Structured Settlements

 

Settlement recipients can choose to receive their funds in the form of periodic payments. Payments are income tax-free for physical injury cases and income tax-deferred for non-physical injury cases. Plaintiff attorneys can also elect to receive their contingency fees as income tax-deferred periodic payments.

Historically, structured settlement annuities issued by highly-rated insurance carriers have been the periodic payment vehicle of choice when a client desired guaranteed1 fixed income. Structured settlement annuities continue to provide the stable bedrock for many settlement plans.

In addition to structured settlement annuities, claimants and attorneys can incorporate market-based structured settlements into their financial plans. With a market-driven investment portfolio as the underlying asset, your structured settlement provides tax advantages and additional growth potential.

1 Guarantees are subject to the claims-paying ability of the issuing insurance company.

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