My fees are coming…my fees are coming.
While Paul Revere might not have actually yelled “the British are coming,” there is a sense of urgency from many of the attorneys I’ve spoken with who are about to receive significant fees and are worried it may be too late to consider a deferral.
Instead of the British beating down your door for taxes, it will be Uncle Sam reaching out to take a chunk of your hard-earned fees.
But there’s good news. It’s not too late.
Defer all or some of your fees and borrow up to 97% with a low-interest loan from Brook-Hollow Capital. Use the money you save by deferring pre-tax dollars to fund more cases, cover firm overhead, pay partner distributions, or grow the firm.
The first step is to contact Brook-Hollow Financial so we can figure out the type of case and where the money will be paid from and then into what.
What does that mean? We need to know if the defendant is going to pay you directly or pay into some sort of escrow account or 468B Qualified Settlement Fund. This is extremely important. If the answer is paid directly then it’s easy. We just need to work with you to figure out the details of what you want to do and then we do the rest.
If not, a Secondary 468B, or QSF, will need to be set up for your firm. Brook-Hollow Financial can help you create your own QSF including preparing the motion and order required for set up. Once the order is entered, your settlement is wired/deposited into the QSF and we have time to figure things out.
Once the fees are in your QSF, the client’s money can be paid out and we have time to figure out the best solution for your situation.
If you’re about to receive fees get in touch so we can start this process. It can take a little time, and often, that’s not a luxury that we have.
B.J. Etscheid received his Bachelor of Arts degree in Economics from the University of Illinois in Champaign-Urbana. B.J. has a strong background in the financial services industry. He is the founding partner of both Brook-Hollow Financial and Brook-Hollow Capital and pioneered the concept of “Plaintiff Only” structured settlement brokers in Chicago before moving the company headquarters to Pensacola in 2017. He is a frequent speaker at events put on by AAJ, Harris Martin, HB and Perrin Conferences.