ATTORNEY tED SMITH ON THE GULF COAST CLAIMS FACILITY AND TAXABLE DAMAGE CLAIMS

On April 12th Attorney Ted Smith was part of the first Taxable Damages claim conference co hosted by Wahlstrom & Associates in Scottsdale, Arizona.

Attorney Ted Smith of Kuykendall & Associates of Fairhope, AL presented a comprehensive look at the current situation on the Gulf Coast Claims Facility, the status of claims being filed and the issues facing the next wave of claimants in planning for the financial and tax issues related to any award they might receive.

Attorney Ted Smith of Kuykendall & Associates of Fairhope, AL on the Gulf Coast Claims Facility

Mark Wahlstrom, the host of the conference and one of the nations leading experts on the use of structured settlements in taxable damage cases, followed up Attorney Smith’s presentation with a look at how qualified settlement funds, or 468B trusts, could potentially be used by the claimants in the Gulf Coast Claims facility to spread the tax hit of their award over several years, thus reducing the marginal rate and effect tax they would be liable for under the law.

This is the first of several interviews from this well attended and landmark conference.