Settlement planning is helping recipients of settlement proceeds:
- Address their post-loss goals
- Transition successfully into their post-settlement financial lives
As Certified Financial Planner® Professionals, Capital South Wealth Management, LLC specializes in settlement planning and works with individuals receiving court awards or settlement proceeds who are not accustomed to managing a lump sum of money. Our team helps determine the financial needs of the individual on an annual basis and aims to invest the assets in a manner to generate growth & income to meet those needs in case the client cannot return to meaningful employment. This income can be distributed to the client on an as needed basis or at a predetermined time (similar to a salary).
As a Chartered Special Needs Consultant®, Ryan Gisclair, CFP®, ChFC® has extensive knowledge in Special Needs Trusts and ABLE Accounts. Our team utilizes these methods if the individual has means-tested government benefits that need safeguarding and helps to cover the law firm’s liability. First party Special Needs Trust and ABLE Accounts are the only planning tools that allow Personal Injury Attorneys to preserve the use of litigation proceeds in the future AND to preserve eligibility for means-tested public benefits.
LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Investing involves risk including loss of principal. No strategy assures success or protects against loss.
Prior to investing in an ABLE account investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's ABLE program. Withdrawals used for qualified disability expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.