Qualified Settlement Funds

    Qualified settlement funds (or Section 468B trusts) are important dispute resolution vehicles possessing remarkable tax efficiency. QSFs receive special tax treatment, generally obviating the constructive receipt and economic benefit tax doctrines, so that claimants are not taxed until the QSF distributes funds to them. Wood LLP works with plaintiffs and their counsel nationwide. Wood is considered a national authority, and his book Qualified Settlement Funds and Section 468B "explains these subjects in a detailed by understandable manner . . . his new treatise is a must." (Gibbs, Tax Notes, April 6, 2009, p. 97.)