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Eastern Point Trust Company Unveils Revolutionary AI-Powered Fiduciary Assistant in ChatGPT
Eastern Point Trust Company delivering Plain-Language Expertise on Complex Trust and Settlement Matters to Attorneys, Advisors, and Institutional Partners
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financial; technology; legal-law
Eastern Point Trust Assistant - QR Code
Scan QR code for direct access to the Eastern Point Trust Assistant

WARRENTON, VA, UNITED STATES, November 10, 2025 /EINPresswire.com/ -- Eastern Point Trust Company (EPTC), a global leader in independent fiduciary services, proudly announces the launch of the Eastern Point Trust Assistant™ - a groundbreaking and industry-first conversational AI tool powered by OpenAI's ChatGPT. This first-of-its-kind solution equips attorneys, financial advisors, trust officers, and institutional partners with real-time, plain-language information on intricate aspects of trust administration, Qualified Settlement Fund (QSF) compliance, regulatory procedures, settlement structures, and tax implications.

The Assistant is accessible 24/7 via the ChatGPT GPT Store, allowing users to pose nuanced queries such as: "What are the IRS reporting requirements for QSF distributions in multi-jurisdictional settlements?" or "How do I structure a special needs trust to maximize Medicaid eligibility?" Responses are delivered in clear, actionable English, backed by citations to relevant statutes, case law, and Eastern Point's proprietary best practices - ensuring users receive
reliable insights without compromising confidentiality or regulatory standards.

“At Eastern Point Trust, innovation has always been our north star, guiding us to blend human wisdom with technological prowess,” said Joe Sharpe, President of EPTC. “The Eastern Point Trust Assistant™ democratizes access to our 20+ years of collective fiduciary expertise, empowering legal and financial professionals to navigate even the most labyrinthine settlement challenges with speed and precision. It's not just a tool—it's a trusted extension of our team, helping our partners deliver superior outcomes for plaintiffs and beneficiaries who rely on us.”

This launch represents a pivotal advancement in modernizing access to fiduciary intelligence, aligning with EPTC's mission to foster transparency and efficiency in the $10 billion+ U.S. settlement administration industry. Early beta testers, including prominent mass tort litigators and wealth management firms, have reported faster resolution times for compliance queries and heightened confidence in complex trust setups.

“Launching the Eastern Point Trust Assistant™ is more than a technological milestone - it's a commitment to evolving alongside our clients' needs in an increasingly regulated and fast-paced world,” added Milan Kmezic Chief Operating Officer of EPTC. “We've seen firsthand how AI can transform rote tasks into strategic opportunities, allowing advisors to focus on high-value counsel rather than paperwork. This Assistant isn't replacing conversations; it's sparking better ones, reducing errors, and ultimately strengthening the fiduciary ecosystem we all depend on.”

“While other QSF providers offer little more than a bank account, as a fiduciary leader, Eastern Point Trust continues to set the benchmark for ethical AI integration in trust services,” noted Rachel McCrocklin, CTO. “Every response from the Assistant is rigorously vetted against our compliance framework, ensuring it upholds the highest standards of accuracy, impartiality, and data security. We're excited to see it evolve into an indispensable ally for professionals tackling everything from asbestos litigation funds to environmental settlement trusts.”

Looking ahead, EPTC is committed to iterative enhancements, with a robust roadmap including:

• Guided case planning workflows: Step-by-step AI-assisted blueprints for QSF setup and trust funding.

• Interactive QSF benefit calculators: Customizable tools for projecting tax liabilities, distribution schedules, and long-term yield forecasts.

• Real-time compliance checklists: Dynamic, jurisdiction-specific audits with automated updates to reflect evolving IRS guidelines.

• AI-driven document analysis and red-flag detection: Upload and scan capabilities to identify inconsistencies in settlement agreements, trust instruments, or tax forms - flagging potential issues before they escalate.

Each new feature will uphold EPTC’s founding principle: simplify complexity, ensure compliance, and empower partners. The company plans quarterly updates based on user feedback, with beta access to premium features for select enterprise clients starting Q1 2026.

Experience the future of fiduciary support today.

Search “Eastern Point Trust” inside the ChatGPT GPT Store to start your conversation and unlock a free trial consultation with an Eastern Point expert.

About Eastern Point Trust Company

Eastern Point Trust Company is an internationally recognized independent fiduciary specializing in Qualified Settlement Funds (QSFs), special needs trusts, settlement management, and complex trust administration. With an unwavering commitment to transparency, compliance, and client success, Eastern Point Trust serves governments, law firms, plaintiffs, defendants, and institutional partners across the United States and the world. For more information, visit www.easternpointtrust.com

Rachel McCrocklin
Eastern Point Trust Company
+1 855-222-7513
email us here

Larry Eisenberg, Co-designer of Plaintiff Recovery Trust, Offered by Eastern Point, Publishes Article in Tax Notes
The co-designer of the Plaintiff Recovery Trust, Lawrence Eisenberg, a tax attorney and founder of Forward Giving, Inc., a 501(c)(3) charity, publishes in Tax Notes an article addressing the double taxation of settlements.
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plaintiff-recovery-trust

The co-designer of the Plaintiff Recovery Trust, Lawrence Eisenberg, a tax attorney and founder of Forward Giving, Inc., a 501(c)(3) charity, publishes in Tax Notes an article addressing the double taxation of settlements.

[7/16/2024] — In a thought-provoking article published in Tax Notes* Lawrence J. Eisenberg, an experienced tax attorney, describes the perplexing issues affecting individual plaintiffs in litigation recoveries and considers how those issues can be addressed, including by using a charitably-based trust-based solution. The article “The Individual Plaintiff Tax Trap — A Conundrum and a Solution” delves into the intricacies of the taxation of litigation recoveries and addresses methods to mitigate the adverse tax consequences some individual plaintiffs face.

Background

Eisenberg’s article highlights the strange and often inconsistent tax treatment of individual plaintiff litigation recoveries under the Internal Revenue Code. Despite the Supreme Court’s 2005 decision in “Commissioner v. Banks”, which held that plaintiffs must report the entire recovery as taxable income—including the portion payable to attorneys—many plaintiffs (and their attorneys and advisors) remain unaware of the potential tax pitfalls when such recoveries do not fall under tax-free categories, e.g., damages for physical injuries.

The Individual Plaintiff Tax Trap

The crux of the issue lies in the deductibility of attorney’s fees. Some recoveries are tax-free, so attorney fee deductibility is not relevant, or allow for an above-the-line deduction of these fees. Other recoveries can result a “double tax”, because in those situations, the attorney fee portion of the recovery is taxable, but the attorney fee itself is not deductible. This leads to significantly diminished net recoveries. Eisenberg’s article includes a detailed example demonstrating how a plaintiff’s net recovery can be less than 10% of the total amount, with the government and attorneys each receiving several times more than the plaintiff!

A Trust-Based Solution

To address this inequity, Eisenberg proposes that a plaintiff affected by the double tax create a Plaintiff Recovery Trust (PRT). A PRT allows plaintiffs to transfer their litigation claims to a specially designed split-interest charitable trust. By doing so, the litigation claim becomes an asset of the trust, and any recovery is received by the trust, which then pays the net recovery to the trust beneficiaries, including the plaintiff. The PRT uses ordinary trust law principles and aims to achieve fairer tax treatment by separating the ownership of the litigation claim from the individual plaintiff.

Key Benefits of the Plaintiff Recovery Trust

- Equitable Tax Treatment: By treating the litigation claim as a trust asset, a Plaintiff Recovery Trust results in the plaintiff not being taxed on the portion of the recovery paid to their attorneys.

- Structured recovery: The PRT trust structure allows for a more organized and potentially tax-efficient distribution of recoveries. (It also permits the use of structured settlements as part of the solution.)

- Charitable Component: The PRT includes a charitable beneficiary, adding a philanthropic dimension to the solution.

Conclusion

Eisenberg’s article is a call to action for tax professionals and litigation attorneys to recognize and address the unfair tax treatment many individual plaintiffs face. The PRT trust-based solution offers a way to alleviate the financial burden imposed by current tax law, so that plaintiffs retain a fair share of their recoveries.

See the full article on the taxation of settlement proceeds.

PRESS Contact
www.EasternPointTrust.com

info@easternpointtrust.com
Phone: 855-222-7513

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Eastern Point Trust Company to Enhance QSF 360 Platform with New Capabilities
Eastern Point Trust Company announces new enhancements to its QSF 360 platform. EPTC aims to streamline and secure the administration of settlement funds.
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qualified-settlement-fund

Strategic agreement with J.P. Morgan strengthens EPTC’s commitment to innovative settlement fund administration

New York, United States – Eastern Point Trust Company (EPTC), a leader in innovative trust administration, announces new enhancements to its Qualified Settlement Fund (QSF) 360 platform. EPTC aims to streamline and secure the administration of settlement funds through the unique and advanced depository and treasury management services provided by J.P. Morgan.

The QSF 360 platform, known for its efficiency, transparency, and refined administration of Qualified Settlement Funds, will now offer EPTC clients with:

Enhanced Depository Services: Access to improved technology, increased limits and funds availability.

Advanced Treasury Management: Optimized cash management and liquidity within the QSF 360 platform including access to more efficient payment channels and products.

Seamless Integration: Increased real-time data synchronization, offering immediate updates and enhanced reporting for all stakeholders.

Joe Sharpe, President of Eastern Point Trust, commented, “Our commitment to innovation and client satisfaction drives us to continuously enhance our offerings. This new account agreement with J.P. Morgan is a testament to our dedication to providing unparalleled peace of mind and operational excellence to our clients.”

This collaboration strengthens the operational backbone of EPTC’s offerings and underscores EPTC’s commitment to innovation, security, and client satisfaction in the financial services sector.

About Eastern Point Trust Company:

Eastern Point Trust Company specializes in worldwide trust, escrow services, and SaaS solutions. It leverages its proprietary technology, TrustWareTM, to offer solutions like QSF 360TM, Plaintiff Recovery Trust, Settlement Protection Escrow Trust, and more to individuals, courts, and institutional clients worldwide. Information about Eastern Point is available at www.easternpointtrust.com

Contact Info:
Name: Rachel McCrocklin
Email: Send Email
Organization: Eastern Point Trust Company

Website: https://www.easternpointtrust.com/

Eastern Point Trust Company Announces Appointment of Milan Kmezic as Chief Operating Officer
Eastern Point Trust Company (EPTC) has appointed Milan Kmezic as its new Chief Operating Officer. With more than 25 years of international experience across government, commercial, and startup sectors, Mr. Kmezic brings deep expertise in strategic planning, operational excellence, and transformation leadership.
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business; financial; legal-law; personnel-announcements; technology

Warrenton, VA, September 10, 2025 --(PR.com)-- Eastern Point Trust Company (EPTC), the nation’s leading independent provider of Qualified Settlement Funds (QSFs) and innovative trust-based fiduciary solutions, is pleased to announce the appointment of Milan Kmezic as its new Chief Operating Officer.

Mr. Kmezic is a seasoned strategic executive and technology leader with more than 25 years of experience driving innovation and digital transformation across government, commercial, and startup environments. His career has spanned three continents—North America, Europe, and Asia—providing him with a unique global perspective on strategy and operations.

Known for his expertise in transformation leadership, Mr. Kmezic combines deep technical knowledge with a passion for developing talent and building high-performing, inclusive teams. Most recently, he served as Portfolio Director for Beneficiary Services at Leidos, where he provided strategic leadership and operational oversight for mission-critical federal programs and managed a $200 million portfolio. Prior to that, as Chief Technology Officer at ACG, he served as a strategic advisor to the CEO, guiding enterprise-wide technology direction and organizational change.

Mr. Kmezic’s international leadership experience includes his tenure as Managing Director for DMI in Cambodia, where he oversaw all aspects of regional operations, including strategy, P&L management, and customer success. He directed a team of more than 100 professionals across multiple departments, driving market growth through more than 20 enterprise projects. Earlier in his career, at Golden Gekko and Sony-Ericsson, he played a pivotal role in scaling delivery operations, establishing company-wide processes such as OKRs and career ladders, and mentoring engineers globally.

“We are thrilled to welcome Milan to our leadership team,” said Mr. Armand, CEO of Eastern Point Trust Company. “His extensive experience in strategic planning, operational excellence, and transformation leadership will be a tremendous asset as we continue to grow and enhance our services for clients.”

Mr. Kmezic has completed executive education programs in High Impact Leadership at UC Berkeley, Disruptive Strategy at Harvard Business School, and Digital Strategies for Business at Columbia Business School. He is currently completing a Master of Business Administration at Edinburgh Business School.

With Mr. Kmezic’s appointment, Eastern Point Trust Company continues to strengthen its executive leadership team as it advances its mission to deliver innovative fiduciary solutions and industry-leading client service.

Contact

Eastern Point Trust Company
Rachel McCrocklin
540-428-2944
www.easternpointtrust.com

Eastern Point Unveils Comprehensive Guide on Taxable and Tax-Free Settlements
Eastern Point is proud to announce the release of its latest publication, Unveiling the Complex World of Taxable and Tax-Free Settlements.
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settlement-planning; tax-and-taxation; plaintiff-recovery-trust

Eastern Point is proud to announce the release of its latest publication, Unveiling the Complex World of Taxable and Tax-Free Settlements.

FOR IMMEDIATE RELEASE

[5/17/2024] — Eastern Point is proud to announce the release of its latest publication, Unveiling the Complex World of Taxable and Tax-Free Settlements. This comprehensive guide delves into the intricate workings of taxable and non-taxable settlements, offering invaluable insights into compensatory damages, punitive damages, and the tax treatment of various settlement types.

Ms. Rachel McCrocklin, Eastern Point’s Chief Trust Officer, commented, “The guide provides a detailed understanding of the pivotal role of IRS Section 104 and the taxability of various settlement types. Our goal is to equip readers with the knowledge to make informed decisions and minimize potential tax liabilities.”

The guide explores strategic methods to minimize tax obligations on settlements, including leveraging structured settlement annuities, Plaintiff Recovery Trusts, and proper allocation in settlement agreements. It is an essential resource for individuals and businesses navigating the complex landscape of settlement taxation.

Arm yourself with knowledge, make informed decisions, and minimize potential tax liabilities with Eastern Point's newest guide.

For more information on Unveiling the Complex World of Taxable and Tax-Free Settlements, please visit https://www.easternpointtrust.com/articles/unveiling-tax-free-settlements-what-you-need-to-know or contact 855-222-7513.

CTRO

PRESS Contact
www.EasternPointTrust.com

info@easternpointtrust.com
Phone: 855-222-7513

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Eastern Point Trust Company Published a Listicle Guide
Qualified Settlement Funds (QSF) – Listicle of 12 Things to Know. Learn about their purpose, benefits, eligibility, tax implications, QSF administration, etc.
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qualified-settlement-fund

Qualified Settlement Funds (QSF) – Listicle of 12 Things to Know:

FOR IMMEDIATE RELEASE

[7/8/24] Joe Sharpe, ETPC President, explained, “QSFs are powerful financial tools to streamline and manage settlements, especially in complex cases. They provide tax benefits, flexibility, and efficient administration for all parties involved. With platforms like QSF 360™, creating and managing a QSF is quick, easy, and fully compliant. From establishing a QSF to understanding the roles of administrators, tax implications, and investment options, our comprehensive listicle covers all you need to know about these financial mechanisms.”

Learn the advantages of QSFs over other settlement structures, QSF regulatory oversight, and best practices for effective management. Make the most of your settlements with QSFs and ensure a smooth, compliant, and beneficial process.

Eastern Point Trust Company invites legal professionals, plaintiffs, and all interested parties to explore more and discover the transformative potential of QSFs in post-settlement dispute resolution. To read the complete listicle and learn more about the advantages of QSFs, visit https://www.easternpointtrust.com/articles/qualified-settlement-funds-listicle-of-12-things-to-know.

PRESS Contact
www.EasternPointTrust.com

info@easternpointtrust.com
Phone: 855-222-7513

###

Eastern Point Trust Company Announces Sponsorship Grant
Eastern Point Trust Company (“EPTC”) announced that it entered into a sponsorship with the National Forest Foundation (“NFF”) to provide grant funding in support of NFF’s mission to restore and enhance our National Forests and Grasslands.
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Eastern Point Trust Company Announces Sponsorship Grants to National Forest Foundation

FOR IMMEDIATE RELEASE

[10/13/2022] — Eastern Point Trust Company (“EPTC”) announced that it entered into a sponsorship with the National Forest Foundation (“NFF”) to provide grant funding in support of NFF’s mission to restore and enhance our National Forests and Grasslands.

Working on behalf of the American public, the NFF leads forest conservation efforts and promotes responsible recreation. Its mission is founded on the belief that these lands, and all they provide, are an American treasure and vital to our communities’ health.

Rachel McCrocklin, Eastern Point’s Chief Client Officer, stated, “Eastern Point welcomes the opportunity to partner with the National Forest Foundation in support of its mission to improve and protect our national lands. A portion of Eastern Point’s revenue is dedicated to funding priority reforestation and enhanced wildlife habitat by supporting the National Forest Foundation’s 50 million for Forrest campaign.”

About Eastern Point Trust CompanyWith over three decades of trustee and trust administration experience, Eastern Point is a world leader in trust innovation that provides fiduciary services to individuals, courts, and institutional clients.

Eastern Point has the benefit of practical experience and industry-leading technology, providing services to over 6,000 trusts with more than 20,000 users across the U.S. and internationally.

About The National Forest FoundationThe National Forest Foundation is the leading organization inspiring personal and meaningful connections to our National Forests, the centerpiece of America’s public lands.

PRESS Contact
www.EasternPointTrust.com

info@easternpointtrust.com
Phone: 855-222-7513

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Eastern Point Trust Company Introduces the Conditional QSF™, a New Solution for Complex Settlements
Eastern Point Trust Company introduces the Conditional QSF™, offering conditional settlement funding, improved accountability, and flexible fiduciary oversight
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qualified-settlement-fund; financial

WARRENTON, VA, UNITED STATES, November 19, 2025 /EINPresswire.com/ -- Eastern Point Trust Company (EPTC), a leader in Qualified Settlement Fund administration and innovative trust solutions, has unveiled its newest product; the Conditional QSF™. The Conditional QSF™ is a proprietary purpose-built fund structure designed to facilitate conditional payments in settlements, ensuring the efficient use of funds, while providing flexibility for all parties involved.

The Conditional QSF™ enables defendants to fund a Qualified Settlement Fund trust for specific future needs, such as medical monitoring, medical treatments, services, testing, rehabilitation, or remediation. The Conditional QSF™ differs from traditional QSFs as it includes provisions for returning excess funds to the defendant(s) at the trustee’s discretion, once specified conditions or goals are satisfied. In doing so, the Conditional QSF™ promotes more rapid settlement and accountability, while minimizing waste and aligning incentives for the timely resolution of needs.

“EPTC continues to innovate in ways that solve actual problems for attorneys courts claimants and commercial partners. The Conditional QSF™ simplifies the complex and gives all parties the certainty they need in situations where precision truly matters” said Rachel McCrocklin, Chief Trust Officer at Eastern Point Trust Company. “As with every product we build education, independence, and outstanding service are at the center.

”Key features of the Conditional QSF™:

• The ability to receive funds before a final settlement agreement is executed

• Protection of assets during mergers acquisitions or business sales• Support for settlements requiring guardian ad litem review court approval or extended negotiation

• Efficient administration by the industry leader in QSF and Plaintiff Recovery Trust services

• Seamless transition from conditional status to full settlement readiness when conditions are met

The introduction of the Conditional QSF™ reinforces EPTC’s role as the trusted partner for attorneys, law firms, courts, and institutions seeking clarity efficiency and compliance. It also supports EPTC’s mission to simplify the complex, provide bespoke fiduciary solutions, and elevate professional standards throughout the settlement ecosystem.

For more information on the Conditional QSF™ or to access EPTC’s free educational library please visit Eastern Point Trust Company’s website (www.easternpointtrust.com) or contact the trust administration team directly, per the contact information below.

About Eastern Point Trust Company

Eastern Point Trust Company is the national leader in settlement fund administration and fiduciary services. As a pure play independent trustee EPTC delivers innovative solutions including Qualified Settlement Funds, Plaintiff Recovery Trusts, and a full range of complex trust structures with uncompromising service and expertise.

Rachel McCrocklin
Eastern Point Trust Company
+1 855-222-7513
email us here
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Eastern Point Trust Company Announces Plaintiff Recovery Trust Successes
Eastern Point Trust Company (“EPTC”) announced recent successes of the Plaintiff Recovery Trust (“PRT”) solution in solving the Plaintiff Double Tax, which is the unfair result of 2017 legislation that can cut plaintiff recoveries in half.
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plaintiff-recovery-trust

Eastern Point Trust provides services across the U.S. and internationally.

FOR IMMEDIATE RELEASE

[11/21/2022] — Eastern Point Trust Company (“EPTC”) announced recent successes of the Plaintiff Recovery Trust (“PRT”) solution in solving the Plaintiff Double Tax, which is the unfair result of 2017 legislation that can cut plaintiff recoveries in half.

Glen Armand, Eastern Point’s CEO, expressed, “Eastern Point’s gratitude for the testimonials of Mirena Umizaj, Joseph Di Gangi, Rebekah Reedy Miller, Susan Gleason, Jennifer White, Andy Rubenstein, and Zane Aubert. By utilizing the PRT, you are the catalyst for saving plaintiffs over $30 million of federal and state taxation.”

Mr. Armand also announced Joseph Tombs as Director of Plaintiff Recovery Trusts (PRT). Mr. Armand also noted, “The contributions of Lawrence Eisenberg and Jeremy Babener for partnering on our newest settlement solution.”

Settlement and financial planners and CPAs can learn and access resources on Eastern Point’s PRT Planner Page here: https://www.easternpointtrust.com/plaintiff-recovery-trust-for-planners

About Eastern Point Trust Company
Eastern Point is a world leader in trust innovation that provides fiduciary services to individuals, courts, and institutional clients across the U.S. and internationally.

With over three decades of trustee and trust administration experience, Eastern Point provides the benefits of practical experience, industry-leading technology, and innovation. Eastern Point Trust provides services across the U.S. and internationally.

About The Plaintiff Recovery Trust
The Plaintiff Recovery Trust is the proven solution to increase the amount plaintiffs keep in taxable cases. Without it, plaintiffs are taxed on the settlement proceeds paid to their lawyers. https://www.easternpointtrust.com/plaintiff-recovery-trust

PRESS Contact
www.EasternPointTrust.com

info@easternpointtrust.com
Phone: 855-222-7513

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Boost Investor Confidence With Eastern Point Trust Company's Private Placement Escrow Trust Accounts
A new comprehensive guide has emerged catering to those seeking to conduct private placements. This guide outlines the pivotal role of escrow accounts in private placements, providing a secure, regulated structure that safeguards investor assets and boosts investor confidence.
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escrow

A new comprehensive guide has emerged catering to those seeking to conduct private placements. This guide outlines the pivotal role of escrow accounts in private placements, providing a secure, regulated structure that safeguards investor assets and boosts investor confidence.

FOR IMMEDIATE RELEASE

[5/2/2024] — A new comprehensive guide has emerged catering to those seeking to conduct private placements. This guide outlines the pivotal role of escrow accounts in private placements, providing a secure, regulated structure that safeguards investor assets and boosts investor confidence.

It reviews the advantages of choosing a trust company over a traditional bank account for escrow services, emphasizing active independent oversight that enhances transaction security and integrity.

Ned Armand, CEO, noted, “The guide also highlights the critical role of an escrow agent in managing funds prudently, ensuring a smooth progression of transactions under the regulatory frameworks.” Offerors of private equity and Reg D, Reg A, Reg A+, Reg CF, and Reg S offerings are encouraged to explore this guide, available on Eastern Point Trust Company.

PRESS Contact
www.EasternPointTrust.com

info@easternpointtrust.com
Phone: 855-222-7513

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Addressing Post-Settlement Disputes Efficiently with QSFs
Eastern Point Trust Company is pleased to announce the release of a new guide designed to address the challenging intricacies of post-settlement litigation disputes.
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qualified-settlement-fund

Eastern Point Trust Company Unveils Comprehensive Guide on Navigating Post-Settlement Disputes and Complexities with Qualified Settlement Funds

[5/17/2024] — Eastern Point Trust Company is pleased to announce the release of a new guide designed to address the challenging intricacies of post-settlement litigation disputes. The guide focuses on utilizing Qualified Settlement Funds (QSFs), also known as 468B trusts, as a streamlined solution for efficient settlement fund management and dispute resolution.

It is not uncommon for secondary disputes to arise following a litigation settlement or court award. These disputes can range from family disagreements over their "fair share" to lawyers disputing fee splits, plaintiffs contesting attorney fees, and third-party lien holders emerging to stake claims against the litigation proceeds. Such complexities often hinder the settlement process and prolong the resolution.

Eastern Point Trust Company's newly released guide provides detailed insights into how QSFs can be employed to manage these disputes effectively. By offering a structured approach to fund management and tax compliance and providing the necessary time for informed decision-making, QSFs present a viable solution to post-settlement challenges.

Sam Kott, Vice President of Eastern Point Trust Company, emphasized the significance of the guide, stating, "This guide explores the advantages of QSFs, specifically their ability to address complex issues such as post-settlement disputes, secondary litigation, and lien resolution. The guide also provides direction on navigating post-settlement challenges and highlights the benefits of QSFs in achieving the best possible outcomes for all parties involved."

The guide delves into the various advantages of utilizing QSFs, including:

  • Efficient Fund Management: QSFs ensure that settlement funds are FDIC-insured, reduce misallocation risks, and ensure fair distribution.
  • Tax Compliance: QSFs help maintain compliance with tax regulations, thereby minimizing potential tax liabilities for the parties involved.
  • Informed Decision-Making: By providing time and space for thoughtful decision-making, QSFs help to resolve disputes amicably and equitably.

Eastern Point Trust Company invites legal professionals, plaintiffs, and all interested parties to explore the guide and discover the transformative potential of QSFs in post-settlement dispute resolution. To read the complete guide and learn more about the advantages of QSFs, visit here.

PRESS Contact
www.EasternPointTrust.com

info@easternpointtrust.com
Phone: 855-222-7513

###

Eastern Point Trust Company Announces Qualified Settlement Fund (QSF) Outshines Environmental Remediation Trusts (ERT) with Unmatched Advantages
In today's dynamic business landscape, where environmental liabilities pose significant challenges, the Qualified Settlement Fund (QSF) emerges as a beacon of efficiency and reliability.
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qualified-settlement-fund

In today's dynamic business landscape, where environmental liabilities pose significant challenges, the Qualified Settlement Fund (QSF) emerges as a beacon of efficiency and reliability. Contrasting against traditional Environmental Remediation Trusts (ERT), Eastern Point’s QSF offers unparalleled advantages, revolutionizing the approach towards environmental liability management.

FOR IMMEDIATE RELEASE

[2/27/2024] — In today's dynamic business landscape, where environmental liabilities pose significant challenges, the Qualified Settlement Fund (QSF) emerges as a beacon of efficiency and reliability. Contrasting against traditional Environmental Remediation Trusts (ERT), Eastern Point’s QSF offers unparalleled advantages, revolutionizing the approach towards environmental liability management.

The Qualified Settlement Fund stands as a testament to expediency, with the capability to be established and funded within a mere business day, a stark contrast to the lengthy processes associated with ERTs. By swiftly assuming environmental liabilities from present and future claims under CERCLA, state, and local law, QSF ensures immediate action and resolution.

One of the most compelling aspects of QSF is its affordability, with establishment costs as low as $500. This cost-effectiveness, coupled with the tax advantages it provides over ERTs, makes QSF an attractive proposition for businesses seeking prudent financial solutions.

Flexibility is another hallmark of QSF, allowing for single-year or multi-year funding without any maximum duration constraints, ensuring adaptability to diverse business needs. Furthermore, the ability to hold real estate expands the horizons of asset management within the fund.

The benefits extend to tax optimization, with QSF accelerating the transferor's tax deduction for funds transferred to the current tax year, thereby enhancing financial planning and efficiency. Moreover, by shifting liability and associated funding transfers irrevocably to the QSF, businesses can streamline their balance sheets, mitigating risks and enhancing transparency.

In addition to these financial advantages, QSF facilitates seamless settlement agreements to capitate and resolve environmental liabilities, assuring regulators and interested parties of the irrevocable availability of funds for amelioration.

The transition to QSF not only eliminates future administrative burdens but also entrusts the fund's administration to a dedicated trustee, relieving businesses of operational complexities and enhancing focus on core activities.

In conclusion, the Qualified Settlement Fund stands as a beacon of innovation in environmental liability management, offering unmatched advantages over traditional Environmental Remediation Trusts. Its expediency, affordability, flexibility, and tax optimization capabilities redefine the landscape, empowering businesses to navigate environmental challenges with confidence and efficiency.

PRESS Contact
www.EasternPointTrust.com

info@easternpointtrust.com
Phone: 855-222-7513

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