The Settlement Alliance

3 Reasons to Bring Your Own Settlement Planner to Mediation

3 Reasons to Bring Your Own Settlement Planner to Mediation

Jun 13, 2016

Mediations can be long, stressful experiences for all involved. Injured plaintiffs and their families often feel overwhelmed by the process and rely heavily on their attorneys for guidance. By bringing in a settlement planner, the attorney provides another advocate for their client, helping to make the mediation run as smoothly as possible.

Here are three ways having a plaintiff settlement planner present during mediation can help you and your client:

  1. The settlement planner is on the plaintiff’s team, not the defense’s: Unfortunately, too many attorneys rely on a defense broker to explain different options to the plaintiff. However, a defense broker has no fiduciary responsibility to the plaintiff. A plaintiff settlement planner, on the other hand, will help determine the full value of the settlement, will explain all available options to the plaintiff, and will develop a comprehensive settlement plan. By bringing your own expert, you are free to focus on the legal aspects while the settlement planner helps to ensure that everything possible is done to maximize the money.
  1. The settlement planner will make sure that all appropriate language has been included in the settlement agreement: If your client wants to place funds in a structured settlement annuity, or if you want to structure your attorney fees, the appropriate language must be included in the settlement agreement. A settlement planner will help craft this language to ensure that it meets IRS regulations. The settlement planner will also help make sure that any appropriate settlement documentation and disclaimers have been included and signed.
  1. The settlement planner is a resource for your client long after the mediation is over: Whether your client’s plan includes a structured settlement or a trust, the settlement planner and their case management team will be there to provide ongoing assistance to your client. Bringing the settlement planner to mediation helps solidify that relationship, and builds a level of comfort for the plaintiff. Our planners still have plaintiffs who contact them 5, 10, and even 15 years after their case has settled.

For more information about how a settlement planner can help during mediation, contact us today at 800-464-2500 orinfo@settlement-alliance.com.

Categories: Settlement Planning

We are proud to partner with the highest rated structured settlement providers in the industry:

  • American general Life Companies
  • Berkshire Hathaway Structured Settlements
  • Liberty Life Assurance Company of Boston
  • MetLife
  • Mutual of Omaha
  • New York Life
  • Pacific Life
  • Prudential