Claimant Settlement Obligation Plan
The Claimant Plan allows a claimant to defer receipt of their qualified or non-qualified settlement obligation on a pre-tax basis while investing through portfolios selected by the claimant in accordance with their own financial needs and investment objectives. They may choose between a fixed annuity or market rate investment offering.
As the settlement obligation is invested on a pre-tax basis and grows on a tax-deferred basis, there is a much larger capital base than if the settlement were received by the claimant, taxed and then invested. The net result is the potential for a higher after-tax sum to be received by the claimant.
Havelet satisfies IRS s72u therefore our clients may receive distributions before age 59 1/2 without penalty. Claimants are able to customize deferral and payment terms, receive lump sum distributions, select beneficiaries and will receive a monthly investment statement. There is no upside limit on the size of the settlement obligation.
Assets invested in Havelet's fixed annuity product are held with Winchester Trust as Trustee and Fidelity Investments as independent custodian. Claimants who qualify for the variable investment strategy can utilize world class investment firms to manage the investments and custody the assets.