Settlement Protection Trust

Protecting the Assets of Your Settlement

Accomplishing current and long term goals shouldn’t be difficult. With a Settlement Protection Trust administered by NDC Advisors, it isn’t. We handle the details while our clients start preparing for a better tomorrow. A Settlement Protection Trust provides the flexibility needed to protect financial recoveries while making sure that client needs are met. We will work with our clients’ trust and estate attorneys to make sure that documents include special provisions regarding our clients’ goals and needs and to make sure that their concerns are addressed. Our experience can help make sure the provisions and flexibility are contained in documents that are specific for a client’s circumstances. We have a genuine interest in helping clients and their families find peace in knowing that their account is protected. With an extensive knowledge of settlement planning and account administration, we have many tools available to use to our clients’ advantage.

Why Use a Settlement Protection Trust?

Many people realize they need assistance with their settlement. This may be because they have never managed funds before, feel like they need protection from overspending or from those who may take advantage of them, need help purchasing a home or a car, obtaining appropriate modifications of a home or car, need help with caregivers, medical equipment or a whole host of other concerns one has when receiving a recovery. Many of our clients, including those experiencing injuries and those who currently are not, find that the Settlement Protection Trust administered by NDC Advisors provides them with the peace of mind that their recovery will be protected to help them accomplish their goals.

  • A few examples of circumstances in which an SPT may be appropriate include:
  • A person not currently receiving government benefits but may qualify for them in the future
  • A minor receiving a recovery
  • Protecting and making sure that a wrongful death recovery achieves its intended goals
  • A recovery is being received by someone who may waste or abuse it
  • A person is worried about being susceptible to request for money from family or friends
  • The recipient may have addiction or mental health issues that make outright distribution of funds dangerous to them
  • The recipient has no experience with money, budgeting and large purchases such as a home, vehicle, or similar items

Benefits of Settlement Protection Trusts

A Settlement Protection Trust can take many forms. It can serve as a place for a minor’s funds to grow and be protected until reaching 18 or possibly beyond. It can be created to assist a surviving spouse to help rebuild their life. A Settlement Protection Trust can receiving structured settlement annuity payments to make sure they are used for their intended purpose. A Settlement Protection Trust can help protect assets from being used to enable unintended behavior such as substance abuse or be protected from an ex-spouse. Since the future is unknown, creating a plan which provides for maximum flexibility is important. A Settlement Protection Trust can be created to address your current concerns and adapt to what the future holds.

If you would like more information about how our account administration advisors can help you with an Settlement Protection Trust, please contact NDC Advisors now at (888) 676-2055.