Field of Law Gets a Name: Special Needs Settlement Planning
March 10th, 2009 by Margolis
At the recent annual conference of the Academy of Special Needs Planners, participants spent a day focussing on the legal issues surrounding the settlement of personal injury law suits, including lien resolution, the creation of qualified settlement funds and Medicare set aside trusts, structured settlements, and issues around the creation of special needs trusts to shelter and manage the lawsuit proceeds. While many special needs planning attorneys have been working with personal injury attorneys on these issues for many years, the body of law involved has been growing in both depth and breadth.
At the conference in San Diego, participants began speaking of this body of law as Special Needs Settlement Planning, or “SNSP ” services, and the rubric stuck. The first user of this name may be Patrick Hindert on his S2KM blog.
Tags: Medicare set aside, personal injury, qualified settlement fund, settlement planning, Special Needs