QSF Administration
WHY PLACE YOUR TRUST IN ANYONE BUT A SKILLED ADMINISTRATOR WITH PROVEN RESULTS
INTEGRATED
Our treasury professionals and lawyers enhance cash management capabilities for law firms. ARCHER’s team coordinates all aspects of QSF administration, including traditional problem areas such as lien resolution, probate, and bankruptcy coordination.
FLEXIBLE
ARCHER’s qualified settlement fund tools provide flexible options for avoiding constructive receipt while allowing time for proper planning. Law firms can elect to have firm proceeds and individual claimants’ funds retained in part or in whole within the QSF.
COMPREHENSIVE
ARCHER can deftly handle the full scope of any QSF project. Our team offers complete backend support, helping law firms avoid the need to devote resources to and spend money on hiring, training, and managing additional staff.
QUALIFIED SETTLEMENT FUND ADMINISTRATION FOR CLASS ACTIONS
Selecting a qualified settlement fund (QSF) administrator may be the most important decision a law firm makes. ARCHER is committed to accuracy, accountability, and transparency every step of the way.
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Our expert-qualified settlement fund services include:
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Preparing all motions, court orders, and documents needed to establish and administer the fund in accordance with the Master Settlement Agreement.
Obtaining a qualified settlement fund tax ID and opening a certified FDIC-insured bank account(s).
Providing complete treasury management, including fraud protection and investment of funds within the QSF, keeping funds secure with a focus on principal preservation.
Inspecting materials and coordinating with relevant parties to ensure proper disbursement of funds once disbursements are eligible.
Preparing and filing 1120-SF tax returns and estimated quarterly tax obligations, conducting regular audits, and handling documentation and filings upon conclusion of the settlement.
Reporting QSF balances to the Court and other parties as needed.
Executing qualified assignments in connection with structured settlements and/or special needs trusts.
Timely and accurate disbursements are crucial to the overall success of a settlement. However, that success requires resources that can quickly drain a law firm’s already inundated operations and accounting departments. Our proprietary technology streamlines the QSF process, equipping us to expertly handle both gross payments to law firms as well as individualized claimant closing statements/ledgers as well as disbursements to the individual claimants, all with pinpoint accuracy.
You’ve done the heavy lifting—we’ll help you get the settlement across the finish line. Contact ARCHER as early as possible to ensure QSF program success.
