ATTORNEY FEE STRUCTURES
ATTORNEY FEE STRUCTURES
Like your clients, you are able to enjoy certain tax benefits by structuring a portion of your fees with any deferral duration you may choose. Attorney fees are a great option and have many advantages:
Defer Taxes – Many lawyers use this option for tax planning. Taxes are deferred until payments begin.
Retirement – A great way to cover the guaranteed portion of your retirement. Rates are guaranteed so there is no interest rate risk or call-ability bonds can have.
Overhead – Keep your war chest rolling in to manage overhead and even out the ups and downs of cash flow issues most law firms experience.
College – Put it away for the kids! Time flys faster then you realize and you will be prepared.