This course explores the theoretical and practical environmental framework of settlement planning. The most relevant parts of the legal and financial planning environment to settlement planning are discussed. Topics include: principles of financial planning, financial institutions, time value of money, trial procedure, property law, alternative dispute resolution, torts, wills & trusts, planning for incapacity, income and estate tax systems, investment principles, life insurance, annuities, and estate planning. This course explores the emerging profession of settlement planning. Settlement planning is personal financial planning for a recipient of a legal settlement. Topics include: forecasting needs, liquidity analysis, structured settlement annuities, rated-ages, controlling dissipation risk, taxation of settlement issues, planning for government entitlements, medical cost inflation, asset management issues, settlement preservation trusts, basics of litigation, estate planning, Monte Carlo analysis and qualified settlement funds.
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