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January 21, 2010

"Los Angeles Lawyer" In A Bad Case of First Impression

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The Los Angeles Lawyer sure knows how to make a "good first impression". I've received 2 emails from them today. In each they are trying to hock structured settlement consultants to advertise in a March 2010 Los Angeles Lawyer publication about cashing in your structured settlement and then they either (1) engage in credential puffery or (2) show abject ignorance about the Certified Structured Settlement Consultant designation.

Here is the solicitation:

"LOS ANGELES LAWYER, the official publication of the Los Angeles County Bar Association with more than 25,000 members, offers you a special advertising opportunity.  A feature story in the March 2010 issue is titled “Cashing out of Structured Settlements.”

 

To quote:

 

“Most structured settlements are designed by professional consultants who are themselves licensed. More than 550 individuals have been certified as Structured Settlement Consultants, pursuant to a National Structured Settlement Trade Association’s (NSSTA) program. This professional program trains licensed individuals to assist insurance companies, banks, and other institutions with organizing and running structured settlement programs. The licensing program, a joint effort between the NSSTA and the University of Notre Dame School of Law, has included instruction in needs-based evaluations, tax implications, special needs trusts, guardianship rules, loss reserving, Medicare set asides and claim valuations. After completing the course an individual may be licensed as a Certified Structured Settlement Consultant (CSSC).”

 

 

This is an excellent opportunity to promote your expertise in structured settlements!"

 

Comments:

  1. What self respecting structured settlement consultant wants to promote a "cash now pushers" agenda?
  2. The Certified Structured Settlement Consultant professional designation IS NOT a licensing program!
  3. The designation is conferred by the National Structured Settlement Trade Association in cooperation with the University of Notre Dame Executive Education program, NOT the University of Notre Dame School of Law.  There's a huge difference!
  4. Once again the CSSC is a professional designation program not a license!
  5. Surely the Los Angeles County Bar Association has the resources to get it right.

Pugly The Flying Structured Settlement Watchdog

 

Where has Attention to Detail Gone?

Long Time Passing

Where has Attention to Detail Gone?

Financial Lit. They Blow

Where has Attention to Detail Gone?

Get with the program everyone!

Oh When will they ever learn?

Oh When will they ever learn?

 

Posted at 05:27 PM in "Los Angeles Lawyer", Certified Structured Settlement Consultant (CSSC) NSSTA, Los Angeles CA Structured Settlements, Misinformation About Structured Settlements, National Structured Settlement Trade Association, NSSTA, Settlement Advertising Wall of Shame, Structured Settlement Information, Structured Settlement Watchdog®, Structured Settlements in California |

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Guide to Structured Settlements 2022

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    Ways You Can Structure Your Settlement Payments. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
  • Structured Attorney Fees for Tax Deferral for Contingency Fees
    Structured attorney fees is a financial strategy that offers a unique way to defer taxes for lawyers and law firms. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure their settlement. There are multiple ways to structure your attorney fees, such as the an index linked structured settlement where payments are adjusted based on upside changes in the S&P 500 with no downside and a cap of 5%. Trial Lawyers may also use a special deferred pay/deferred compensation arrangement, if market based returns returns are desired with no cap. Plan NOW for year end! Put structured attorney fee expert John Darer® on your settlement planning team.
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  • What Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • History of Structured Settlements
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
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  • Most states require that Testimonials represent the CURRENT opinion of the person who made the testimonial. Be prepared to back it up.
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