A Qualified Settlement Fund (QSF), also known as a 468B Trust, is an efficient settlement tool that enables the proper resolution of mass tort litigation and other cases involving multiple claimants. When a QSF is established, the defendant pays into the QSF, granting a full release of all claims against them. The QSF then pays out claimants from the litigation without the defendant’s involvement.

QUALIFIED SETTLEMENT FUNDS BENEFIT BOTH SIDES

By paying into the Qualified Settlement Fund, defendants not only receive a release of liability but also an immediate tax deduction. At the same time, claimants have the opportunity to consult with experts and weigh their settlement options, including structured settlements. The added time also streamlines lien resolution and documentation preparation without the pressure of ongoing litigation. This allows claimants without any unresolved issues to receive their settlement disbursement without delay, regardless of their co-claimants’ situation.

QUALIFIED SETTLEMENT FUND SERVICES

Prindable Settlements partners with leading companies in qualified settlement fund administration to offer the following services:

• Preparation of necessary motions, court orders, and documents for establishing and managing the QSF

• Creation of client closing statements and accurate fund accounting

• Distribution of plaintiff payments, including funding of special needs trusts and structured settlements

• Attorney fee deferrals from QSF

• Attorney fee/expense disbursement

• Management of finalized liens and qualified assignments

• Monthly financial accounting and reporting; daily account reconciliation

• Tax return filings

• Treasury management and fund investment within the QSF

• Closing of the fund with interest reconciliation