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Gay Discrimination in the Workplace
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What Is an Employment Contract?
How to Write a Collection Letter
Can You Deduct Gas Mileage on Taxes?
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How to Do a Background Check
What Is a Settlement Fund?
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What Is Equal Pay?
Settlements resolve legal disagreements without the need for a trial. They are common in civil law and may… More
Debt settlements and bankruptcy plans vary with regard to building credit scores and tax liability. Seek l… More
A settlement fund is an amount of money agreed upon by both parties to settle a damage claim, which usuall… More
Trade settlement refers to the day money is exchanged by the buyer and seller in a transaction. Trade sett… More
If you are involved in a lawsuit and awarded a settlement you will usually have a choice between a lump su… More
In insurance settlements, arbitration involves arbitrators who do not know anything about the case. Learn … More
It may seem counterintuitive, but it's actually not that rare for individuals who win large court settleme… More
A personal injury settlement results when parties have agreed to settle a case that came out of one person… More
The workers' compensation system provides injured workers a mechanism that allows for swifter attention to… More
A debt settlement is a drastic program that will get a person out of debt in a few years, but it will have… More
A structured settlement is the preferred method of compensation for injury victims in almost all cases. In… More
A structures settlement annuity is usually the result of litigation in which one party receives a court-or… More
When you want a loan there are two basic types. One is collateralized and the other is not, meaning it is … More
Debt settlement can be a tricky game, as it can save the borrower money while simultaneously creating tax … More
Summary: A settlement fund is an amount of money agreed upon by both parties to settle a damage claim, which usually involves a group of people filing the same claim. Discover the process of receiving settlement money with help from a Supreme Court-certified civil mediator in this free video on employment law.
Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. He is a certified family mediator and Florida Supreme Court-certified civil...read more
"You or someone you know may be involved in a multiple claims litigation matter, such as against the tobacco industry or the asbestoses industry or something of that nature. And you've heard about settlement funds. What are they? What do they do? Hello, I'm Robert Todd, and I'm here to answer the question: What are settlement funds? Well, first of all, there's a provision under the Internal Revenue Code under section 468b that talks about qualified settlement funds. And what they are generally are funds that the tortfeasers or those that are responsible for the damages incurred by the multiple parties bringing claims that these defendants put together a fund against which these claims will ultimately be settled. And this is before there is actually an agreement as to how these funds are going to be allocated. So there's a...there's a certain amount that's set aside. It's just a question of who is going to get what portion of that fund. If you have a specific question or claim of this nature, it's generally advisable to have an attorney who specializes in this area of the law representing you to make sure, number one, that your claim is filed within the required statute of limitations period, and number two, to make sure that your claim is asserted so that you get what you should be entitled to get. I'm Robert Todd, and thank you for watching."
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