Taxable Damages Cases: How Plaintiff Attorneys Can Double (Or Triple) Their Client's After-Tax Net Recovery
Taxable Damages Cases: How Plaintiff Attorneys Can Double (Or Triple) Their Client's After-Tax Net Recovery
Presented by Greg Maxwell, Esq., CFP®
Training Overview
The Tax Cuts and Jobs Act ("TCJA") created a major tax problem in taxable damages called the "Plaintiff Double Tax Trap." This tax trap causes plaintiffs to regularly net, after-taxes, only 0%-20% of the total gross recovery.
In this video training, Greg Maxwell, Esq., CFP® takes you through the ins and outs of a powerful (and underutilized) tax planning strategy available only to plaintiffs. The tax strategy he outlines can double (or even triple) the client's after-tax net recovery.
Training Highlights:
- Learn how to identify the Plaintiff Double Tax Trap and estimate its impact on your client’s settlements.
- Discover why the strategy we outline is the only legal way for plaintiffs to avoid paying the "Plaintiff Double Tax Trap" through actual case studies.
- How to implement this strategy in your practice and protect yourself from potential failure-to-inform liability.
Introduction Video
Why Watch the Training?
The TCJA
Harms Plaintiffs
The Plaintiff Double Tax Trap was an unintended consequence of the Tax Cuts and Jobs Act—and plaintiffs are paying the price. The TCJA causes many plaintiffs to pay too much in taxes on their recovery.
No Alternative
Strategies Work
Since the TCJA was enacted, attorneys have tried to get around the Plaintiff Double Tax Trap. The bad news is none of those strategies actually work. The strategy we share is the only valid, viable option.
Protect Yourself and Ensure Happy Clients
Learn how implementing this strategy protects you and your firm from failure-to-inform liability — and keeps your clients happy by doubling or tripling what the client keeps after taxes.
About Greg Maxwell, Esq., CFP
Focused Solely on Plaintiff Firms and Their Clients
As a practicing attorney and Certified Financial Planner, Greg is uniquely qualified to help plaintiffs increase their after-tax net recovery in cases where the damages are taxable.
For nearly 20 years, Greg has used tax-planning strategies specific to plaintiff attorneys and their clients to reduce their taxable income and build wealth tax-efficiently.
Greg is the co-founder of Amicus Settlement Planners. Amicus is 100% plaintiff-loyal and works exclusively with plaintiff attorneys and their clients nationwide to help them maximize and protect their settlement recoveries.
Industry-Leading Expertise
Greg is a past president and board member of the Society of Settlement Planners, a national organization that advocates for plaintiff's rights in the settlement planning process.
He is a member of the American Association for Justice, the Utah Association for Justice, is a frequent speaker to local, state, and national trial lawyer organizations on settlement planning topics, and he has authored many articles in trial journals across the country.
Watch the Training Today!
At Amicus Settlement Planners, we work with hundreds of attorneys nationwide. Nearly every attorney who watches this training and implements this strategy says the same thing: "I wish I had known about this years ago!"
Registration is free, so make sure to watch the training today!
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