TNSSG provides controlled and secured services to manage all aspects of distribution, including Qualified Settlement Funds pursuant to Internal Revenue Code 468B, tax reporting, diverse investment options, comprehensive escrow services, and controlled distribution of attorney fees, expenses, and claimant awards.

IRC Section 468B was added to the Internal Revenue Code as part of the Tax Reform Act of 1986 to allow defendants to obtain immediate tax deductions in tort claims rather than waiting for “economic performance” to occur. The advantages of QSFs to personal injury claimants include avoiding the constructive receipt of the court judgment or settlement and allowing time to negotiate the resolution of liens and other expenses against the settlement.

Proceeds that have been deposited into a QSF can be paid in cash to the plaintiffs, paid into a Special Needs Trust, or used to buy a structured annuity allowing the same tax advantages to the claimant as a structured settlement purchased by a defendant insurance carrier.