Summit Structured Settlements
755 S.E. Frontier Suite 101
Waukee, Iowa 50263
Voice: 515.987.6888
Fax: 515.987.6999
Toll Free: 866.267.1177
info@summitsettlements.com
Disclaimer
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Environmental
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A 1986 addition to the Internal Revenue Code (§468B) promulgated by a 1993
Revenue and Procedure (93-94, 1993-28 I.R.B. 49) has made it possible for a
defendant corporation in an environmental or toxic mass tort situation to write
one check, literally, to a court-supervised designated or qualified settlement
fund and walk away from endless litigation. Building on the collective years of
experience of its brokers in personal injury settlements, Summit Structured
Settlements is adapting the same techniques and products to the cleanup of our
environment.
Working with major life insurance companies, bond trust companies and nationally
renown tax counsels who specialize in structured settlements, we are in a
position to mediate major environmental and toxic tort cases, bringing creative
solutions that benefit all parties. Features include:
* The ability to settle a class action case even before all potential plaintiffs
have been identified.
* The use of US Treasury Bond trusts to preserve the tax-free growth
opportunities for the settlement funds and provide maximum security for the
large sums of money.
* The ability to extinguish future liability by settling for one element of
damages, while leaving open the ability for plaintiffs to receive compensation
for damages that occur later, such as a latent disease process that doesn't
manifest itself for years after exposure to a toxic substance.
* Individual structured settlements for claimants, designed to fit their future income
needs, safe from investment risks and risks of dissipation, and free of income
taxation.
Summit Structured Settlements provides the most advanced support in the
structured settlement profession for environmental and toxic mass tort cases |
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