McKellar Structured Settlements is headquartered in Guelph, Ontario, Canada and has provided structured settlement services to its clients since 1979. It is the oldest and largest structured settlement company in Canada. Structured settlements occur when there is a court settlement over a personal injury claim, and a portion of the money from the settlement is deposited in a specialized annuity with a life insurance company. Clients can receive lifetime tax-free monthly payments from this annuity. Once this settlement is put in place, it cannot be changed or cashed out.
Under the Canadian Revenue Agency, individuals cannot arrange their own structured settlement. Structured settlements must be put in place by companies like McKellar Structured Settlements. The company has a staff of attorneys, casualty specialists, and accountants who have extensive experience in the structured settlement process. They seek the highest income for their clients at the lowest cost while making sure all reporting requirements are met. Their team of quality assurance specialist verifies the accuracy of the documents that are filed for a structured settlement. McKellar Structured Settlements legal team works to verify the terms and to make sure all the documents of the settlement meet the requirements for tax-free payments as stated by the Canadian Revenue Agency.
There is a lot that goes into preparing a structured settlement. The team at McKellar Structured Settlements will create an individualized settlement plan that meets the needs of each client. This includes estimating the amount of the settlement, estimating future health care costs, and estimating the amount of lost income. They will provide lifetime customer service to their clients once the structured settlement goes into effect. If McKellar Structured Settlements has a client who has an injury claim in the U.S., they will work with a U.S. structured settlement broker to come to an agreement. Clients can gain peace-of-mind with the experts at McKellar Structured Settlements.