Attorney Fee Deferral Plan

The Attorney Plan allows an attorney to defer receipt of their fees until such time as they are required, while investing the fees through a market rate portfolio determined by the attorney's own investment objectives or through a fixed annuity investment program. 

As the fees are invested on a pre-tax basis and the investments can grow tax deferred, there is a much larger capital base than if the fees were received by the attorney, taxed and then invested.  The net result is the potential for a higher after-tax sum to be received by the attorney.

Unlike domestic non-qualified assignment companies that are subject to withholding tax on dividends, Havelet is eligible for US Barbados Tready benefits, specifically Article 22(2) and IRS section 72(u) which are substantial and can mean a tax savings of up to and including 30%.  

Our clients are able to customize deferral and payment terms, receive lump sum payments, select beneficiaries and will receive a monthly investment statement or on line, view only access.    There is no upside limit on the size of the deferral.

Assets invested in Havelet's fixed annuity product are held in the US with Comerica Trust as Fiduciary and Fidelity Investments as custodian.  Assets invested in Havelet's market rate investment product can be held with most of the large, reputable invesment organizations.

The Attorney Plan is suitable for personal injury as well as non-personal injury cases.

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