A Settlement Planner is a professional educated and trained to advise plaintiffs and their attorneys, as well as judges, mediators and guardians, regarding settlement planning issues and solutions. A Settlement Planner is one member of the Settlement Planning Team that advises the plaintiff and his/her attorney and may serve on the plaintiff’s post-settlement Advisory Committee.
The subject matter expertise of a Settlement Planner should include the ability to:
1. Identify information and analyses, as well as other subject matter experts (SMEs), needed to develop an accurate and reliable Settlement Plan;
2. Diagnose a claimant’s settlement planning needs based upon such information, analyses and SME reports – or based upon whatever information is available.
3. Design and recommend a settlement plan that:
i. Considers the recommendations of other SMEs;
ii. Evaluates those recommendations in the context of the plaintiff’s:
(a) Personal and Family needs, objectives and resources;
(b) Responsibilities and obligations to others;
(c) Rights to private and/or governmental benefits;
(d) Net settlement proceeds;
(e) Identifies and cost-justifies the need for additional settlement planning information, analyses or SMEs;
(f) Recommends products, services and strategies to accomplish objectives identified in the settlement plan.
4. Implement recommendations included in the settlement plan;
5. Monitor and report on developments relating to the Settlement Plan including recommendations for changes in the Settlement Plan.
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