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.

Podcast: Play in new window | Download (19.8MB)

What is a settlement trust and in what cases are they best used? Join Ringler Radio host, Larry Cohen and co-host, William D. Wakelee, settlement annuity specialist in Ringler’s Philadelphia office, as they raise the important questions pertaining to settlement trusts. Ringler Radio welcomes David J. Cover, Senior Vice President and Senior Settlement Advisor for the Trust and Investment Services Division of PeoplesBank, to discuss what a settlement trust is, who is most likely to need one, the different types of trusts, how the trust works and the trust’s interaction with structured settlements.

Podcast: Play in new window | Download (18.2MB)