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Trusts Part II
In the world of settlement trusts, one of the advantages is finding a trustee who fully understands the benefits of using structured settlements in trusts and can accommodate the needs of both the claimants and the defendants in each case. In this follow-up to the Trusts and Structured Settlements show, Ringler Radio host, Larry Cohen and co-host, William D. Wakelee, settlement annuity specialist in Ringler’s Philadelphia office, welcome back David J. Cover, Senior Vice President and Senior Settlement Advisor for the Trust and Investment Services Division of PeoplesBank, to look inside the settlement trust arena. They will discuss common issues associated with settlement trusts, common reasons for people to put settlement monies into these trusts, how the trust handles the upfront cash that goes into the trust and the structured payments coming in and the education of individuals on the importance of settlement trusts.