Attorney Fees

What are the Advantages of Structuring your Attorney Fees?

Customized Options

Structuring your fees can provide you with a steady, guaranteed stream of income over time.¹ You have the flexibility of choosing to receive your contingency fees in a variety of payout options to fit your financial needs,² including taking a portion as a lump sum and structuring the remaining portion to provide you with a fixed income for the future.

Guaranteed Income

Met Tower Life’s financial strength is built and sustained through quality investments and prudent risk management. By structuring your fees, you receive guaranteed income and a competitive rate of return, which protects your assets from market volatility.¹

Tax-Spreading

Structuring attorney fees provides the ability to potentially spread your tax liability out over time as the payments are received. In addition, if payments are paid during retirement, they may be taxed at a lower rate. By contrast, if you decide to receive your fees in upfront cash, that payment is generally fully taxable immediately upon receipt.³

Direct Payments

As part of the settlement agreement, the claimant must direct Met Tower Life to issue your fees in the form of periodic payments. The periodic payments will be sent to you, as the attorney, from Met Tower Life for the convenience of the claimant. The payments can be issued directly to you or your law firm. You can designate your estate, your law firm, your spouse or named children as your beneficiary for guaranteed payments.
These periodic payments will be reported on a Form 1099-MISC in the years in which you receive the payments^.3

Stand-Alone Attorney Fees

Met Tower Life provides the structuring of attorney fees even when your client does not structure any other portion of their settlement funds

For more information, please call our Sales Team at 1-800-638-0051 ext. 2.