Resources

Glossary If you are involved in a settlement of physical injury or lost life case, apart from the monetary compensation for your losses, the planning of such proceeds is very crucial. During the settlement process, you might hear various terms like structured settlement, annuities, tax-free/deferred payment, internal revenue code 104, 130, 468B, 5891, MSA, etc. Before signing a settlement agreement, it is important that you educate yourself with some of the jargons used in settlement planning industry.

To the best of our ability, we have tried here to provide you with our understanding of the terms and other reference material available on the internet. We highly recommend that you seek advice of your professional financial, tax and legal counsel before making any decision around your settlement and/or financial planning.


Glossary of Settlement Planning Terms
Medicare (Centers for Medicare and Medicaid Services)

Medicaid

AK

AL

AR

AZ

CA

CO

CT

DE

FL

GA

HI

IA

ID

IL

IN

KS

KY

LA

MA

MD

ME

MI

MN

MO

MS

MT

NC

ND

NE

NH

NJ

NM

NV

NY

OH

OK

OR

PA

RI

SC

SD

TN

TX

UT

VA

VT

WA

WI

WV

WY

Internal Revenue Codes

104 (a)(2)

130

468B

5891

Annuity Providers


Trade Associations relating to Settlement Planning Industry