The Settlement Alliance

Settlement Planner Spotlight: Todd Morrow, CPA

Settlement Planner Spotlight: Todd Morrow, CPA

Dec 2, 2016

Primary Office Location: Driftwood, Texas

What line of work were you in before you became a settlement planner?

Before I became a settlement planner, I worked as a CPA preparing income taxes and serving as Controller for several businesses and individuals. My background as a CPA gives me unique insight into all areas of being a settlement planner. It allows me to utilize my knowledge of income taxes, estate taxes and financial accounting strategies to help clients design settlement plans to maximize settlement recoveries.

What do you enjoy most about being a settlement planner?

The thing I enjoy most about being a settlement planner is helping people. Many times, people that are involved in personal injury or wrongful death litigation may be scared and overwhelmed by the entire process. Each case is unique and I take great pride in using my experience to assist injured parties by analyzing each individual case and proposing solutions that solve needs and secure financial futures.

What are some of the challenges that your attorney clients face--and how do you help them?

After settling a case, many attorneys are eager to finalize the settlement for a variety of reasons. The settlement planning stage of the settlement should be thorough, but should not hold up the settlement any longer than necessary. After careful analysis of the facts of the case, I strive to streamline the process by offering to coordinate any remaining tasks related to finalizing a case. By being knowledgeable in structured settlements, governmental benefits protection, Medicare Set-Aside arrangements, lien resolution services, trust services and other financial products, I am able to recommend solutions and work in conjunction with other experts to develop comprehensive settlement plans.

How do you spend your time outside of work?

Spending time with my family is very important to me and I try to take at least one or two family vacations each year. I enjoy being outdoors and participating in a number of activities including golf, fishing, hunting, basketball, waterskiing, snow skiing and weightlifting. Indoor activities I like include watching sports on television, watching movies, dancing, reading, and attending concerts.

Who is your personal hero?

There are two people in my life that I would consider my heroes. The first is my dad. My dad grew up in Oklahoma and I have not heard of many people that had a poorer upbringing. He overcame so much to become a great husband and father to four children. I am lucky to still have him in my life and I talk to him almost daily. The second person that had the biggest impact on my life was James Street. James taught me more about people and hard work than any other person. I was fortunate to have him in my life for over 20 years as my mentor, friend and leader. James was “bigger than life” and he had the ability to have a profound impact on people in a very short period of time.

If you weren't a settlement planner, what would you be doing for a career?

If I was not a settlement planner, I would probably be a basketball coach at the high school or college level. There is not much that I enjoyed more than coaching both of my children in basketball. From coaching youth basketball to AAU summer travel teams, it was one of the most gratifying experiences of my life.

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The Settlement Alliance is the Gold Sponsor of the TTLA Annual Meeting & CLE Seminar on December 8-9. You can speak with Todd at the event or contact him here.

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Categories: Settlement Planning

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