QSF's Time Has Come

Rob Wood's recent article in the Los Angeles Daily Journal explains why qualified settlement funds can be an invaluable time saver. "Whatever you choose to call it, a qualified settlement fund, called a QSF or a Section 468Btrust, is a flexible dispute-resolution mechanism whose time has come. QSFs are enabled by Section 468B of the Internal Revenue Code, which was enacted in 1986, but they really didn’t exist until 1993, when the IRS published regulations detailing their operation.They’ve really taken off only in the last few years. In essence, a QSF allows for a tax-free way station. It is a simple trust that serves as a stopping point after one or more defendants pay money to settle a case but before the plaintiffs receive it."

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Scott Drake interviews the host of the Tax Law Channel and partner at Wood & Porter in San Francisco, Robert Wood.