Channel Title: Eastern Point Trust Company Channel Description: Eastern Point Trust Company is a non-depository trust company with decades of trust experience. Our commitment to our core values has created an environment that puts client success first – which is why our institutional and retail client relationships continue to grow. Eastern Point is one of the leading international trust innovators and has administered trusts related to some of the most recognized events. Our staff comprises internationally recognized fiduciary and trust experts that courts rely upon for expert testimony, trust construction, administration, and fiduciary matters. <video> The Privacy Benefits of Qualified Settlement Funds (QSFs) Description: How Qualified Settlement Funds (QSFs) Keep Your Privacy Protected 468b QSFs ensure privacy for all parties by keeping identities and transactions confidential. With sealed records and strict IRS disclosure prohibitions, these funds provide unmatched security. Learn more at easternpointtrust.com. #QSFPrivacy #SettlementFunds #Confidentiality #LegalSolutions #QSF #EasternPointTrust </video> <video> Liars, Damn Liars, Defamation, and Double Taxation Description: In this quick and insightful video, we explore the double tax burden faced by defamation victims and how it can significantly reduce their net recovery. Using a New York City case study, we demonstrate how a plaintiff recovering $3 million in damages might end up with just $300,000 after taxes—only 10 cents on the dollar. - Discover the challenges of tax laws that make attorney fees non-deductible for defamation victims. - Learn about the innovative solution of Plaintiff Recovery Trusts (PRTs) and how they can dramatically improve after-tax recoveries. - Understand why PRTs are a game-changer for defamation victims seeking to maximize their financial outcomes. To learn more about double taxation and Plaintiff Recovery Trusts, visit https://www.easternpointtrust.com. Read the full article here: https://www.easternpointtrust.com/articles/liars-damn-liars-defamation-and-double-taxation </video> <video> ESPN: Boosting Your Settlement Value with Smart Planning Description: ESPN discussed the regularity of personal injury lawsuit settlements and related financial consequences, interviewing Eastern Point's Chief Trust Officer (Rachel McCrocklin) and Tax Strategist (Jeremy Babener). "The tax and investment benefits of structuring greatly increase your settlement value." For more details on Qualified Settlement Funds, visit https://www.easternpointtrust.com. Read more: https://www.easternpointtrust.com/articles Learn about the QSF 360 platform: https://www.easternpointtrust.com/qsf-360 </video> <video> Revenge Porn Litigation: Bad Behavior, Abysmal Tax Treatment, and Possible Zero Net Recovery Description: Revenge Porn Litigation: How Victims Suffer Twice In this insightful video, we explore the emotional and financial challenges faced by revenge porn victims (RPVs) when pursuing justice through civil litigation. While some states provide legal avenues for RPVs to seek compensatory damages, navigating these cases can still lead to significant financial setbacks due to the plaintiff double tax. - Discover how the plaintiff double tax can turn a legal victory into a financial burden by taxing the entire award as income. - Learn about the innovative solution of Plaintiff Recovery Trusts and how they can dramatically improve after-tax recoveries for RPVs. - Understand why this approach may allow RPVs to retain up to 100% or more of their rightful recovery. To learn more about maximizing your financial recovery, visit https://www.easternpointtrust.com/ Read the full article here:https://www.easternpointtrust.com/articles/revenge-porn-litigation-bad-behavior-abysmal-tax-treatment-and-possible-zero-net-recovery </video> <video> What is the Role of a QSF Administrator? Description: What is a QSF Administrator? | Qualified Settlement Funds Explained Discover the critical role of a QSF administrator in managing Qualified Settlement Funds (QSFs). From fund oversight to tax compliance, learn how they ensure smooth settlements and better financial outcomes for all parties. Visit easternpointtrust.com for more! #QSF #QualifiedSettlementFund #SettlementManagement #FinancialPlanning #TaxCompliance #QSF #EasternPointTrust </video> <video> Fox Business: Growth of Settlement Planning and Arrangements Description: Fox Business reported on the growth of settlement planning, structured settlements, and Qualified Settlement Funds, interviewing Eastern Point's Chief Trust Officer (Rachel McCrocklin) and Tax Strategist (Jeremy Babener). "Settling is first about the amount, but plaintiffs gain a lot by planning ahead." For more details on Qualified Settlement Funds, visit https://www.easternpointtrust.com. Read more: https://www.easternpointtrust.com/articles Learn about the QSF 360 platform: https://www.easternpointtrust.com/qsf-360 </video> <video> The Role of a Trustee in Defending Fund Privacy Description: A Trustee's Role in Protecting Fund Privacy: Learn How 468b QSFs Stay Secure! Discover how a skilled trustee safeguards the privacy of 468b Qualified Settlement Funds (QSFs). From challenging requests to applying legal tactics like jurisdiction selection and subpoena quashing, trustees play a critical role. Learn more at easternpointtrust.com. #Trustee #QSF #PrivacyProtection #SettlementFunds #EasternPointTrust </video> <video> Navigating Settlements: A $20 Million Case Study Description: Strategic Tax Planning for a $20M Defamation Verdict | Case Study Winning a substantial lawsuit is a milestone, but understanding the tax implications is critical. In this video, we examine how strategic financial planning tools like 468B Qualified Settlement Funds (QSFs) and the Plaintiff Recovery Trust (PRT) helped a plaintiff maximize their $20M defamation verdict while saving $1.48M in taxes. Learn actionable strategies to navigate the complex world of taxes on legal settlements. - Discover how QSFs provide flexibility, protection, and planning time. - Understand how the PRT eliminates double taxation on attorney fees. - See how tax-efficient structuring can safeguard your recovery. Winning a legal battle is only part of the victory—ensuring your financial success is the next step. Contact Eastern Point Trust Company to learn more about minimizing tax liability on lawsuit settlements. Chapters 0:00 Intro 0:30 The Case at a Glance 1:29 Tax Conundrum 2:40 An Ingenious Strategy 4:48 How the QSF and PRT work together 5:39 Financial Implications 7:19 Intersection of Law and Finance 8:24 Disclaimer Read more: https://www.easternpointtrust.com/articles Learn about the Plaintiff Recovery Trust: https://www.easternpointtrust.com/plaintiff-recovery-trust #SettlementTaxPlanning #QualifiedSettlementFunds #PlaintiffRecoveryTrust #LitigationFinance #TaxSavings #LegalStrategies #QSF #EasternPointTrust </video> <video> What is "Know Your Customer" (KYC)? Description: Fighting Financial Fraud: The Role of KYC in a Changing World In 2021, financial fraud losses surged to $5.8 billion—a staggering 70% increase in just one year. To combat this growing threat, financial institutions must adopt robust measures to reduce anonymous bank accounts and monitor suspicious activities. One of the most effective tools in this fight is KYC, or “Know Your Customer.” KYC regulations, gaining momentum after 9/11 under the PATRIOT Act, require financial institutions to verify customer identities and assess risks through two core components: the Customer Identification Program (CIP) and Customer Due Diligence (CDD). This due diligence process is essential for preventing money laundering, terrorism financing, and other types of fraud. Clients meet KYC requirements by providing proof of identity (e.g., ID card, face, or biometric verification) and address, ensuring they are who they claim to be. KYC is a critical part of the broader Anti-Money Laundering (AML) framework, which establishes guidelines for financial institutions to prevent illegal activity and comply with global regulations. With fraud losses on the rise, KYC regulations have become essential for banks, credit unions, and other institutions engaged in financial transactions. By implementing strong KYC processes, these organizations protect themselves, their customers, and the global financial system. To learn more about KYC and its role in fraud prevention, visit https://www.easternpointtrust.com/ #KYC #AML #FinancialFraud #FraudPrevention #AntiMoneyLaundering #KnowYourCustomer #EasternPointTrust </video> <video> The Privacy Benefits of Qualified Settlement Funds (QSFs) Description: The Privacy Power of Qualified Settlement Funds (QSFs) Explore how 468b Qualified Settlement Funds (QSFs) protect privacy, consolidate claims, and shield sensitive information in legal cases. ✅ Key Highlights: - Consolidate claims into a single secure fund while maintaining privacy. - Prevent adverse parties from inflating claims based on fund assets. - Ensure confidentiality of claimant identities and QSF records. - Benefit from an experienced trustee to defend privacy and limit discovery. - Discover how QSF 360 offers robust privacy solutions for your legal needs. Chapters: 00:00 Introduction 00:15 What is a QSF? 00:45 The Issue with Massachusetts 01:15 Impact on Attorneys and Plaintiffs 01:40 Conclusion Learn more at easternpointtrust.com. #QualifiedSettlementFund #QSFPrivacy #LegalPrivacy #SettlementFunds #QSFTrustee #EasternPointTrust #QSF </video> <video> 11 Reasons Attorneys Should Use QSFs for Small Settlements Description: In this quick and insightful video, we dive into 11 compelling reasons why attorneys should utilize Qualified Settlement Funds (QSFs) for small settlements. QSFs are invaluable tools that simplify settlement administration while offering significant financial and tax benefits for both plaintiffs and defendants. - Discover how QSFs streamline the settlement process, reducing administrative burdens for attorneys. - Learn how using a QSF can help clients secure favorable tax outcomes and create flexible settlement solutions. - Understand why QSFs are an ideal choice for managing small settlements efficiently and effectively. For a deeper dive into the benefits of QSFs and expert guidance on how to set one up, visit Easternpointtrust.com Read the full article here: https://bit.ly/Why-an-attorney-should-utilize-a-QSF </video> <video> 11 Reasons Attorneys Should Use QSFs for Small Settlements Description: Learn how Qualified Settlement Funds (QSFs) can simplify small settlements while offering major tax benefits and flexibility for attorneys and clients alike. ✅ Key Benefits: - Earn interest for clients vs. IOLTA accounts. - Provide time to resolve liens, bankruptcy, probate issues. - Avoid triggering constructive receipt or economic benefit. - Protect plaintiffs from defendant insolvency risks. - Ensure legal and ethical compliance. Visit https://www.easternpointtrust.com/ to learn more! #QualifiedSettlementFund #QSF #Shorts #SettlementPlanning #TaxAdvantages #EasternPointTrust </video> <video> QSF Administration Myths vs Reality Description: Think QSFs are just for mass torts or too costly to set up? Think again! QSFs offer broad applications, cost-effective setup options, and significant tax benefits. - Learn how qualified administrators simplify the process while ensuring seamless operations for cases ranging from torts to environmental claims. - Discover more at easternpointtrust.com. #QualifiedSettlementFund #QSF #TaxBenefits #SettlementPlanning #EasternPointTrust </video> <video> A Guide to Naming QSFs Description: Learn the rules for naming Qualified Settlement Funds (QSFs) to comply with regulations and avoid misleading designations. Ensure clarity and legality! ✅ Key Points: - Use "Qualified Settlement Fund" or "QSF" in the name. - Include FBO designations or the case/plaintiff's name. - Avoid misleading terms like "lawyer trust account." - Stay within the 64-character limit. For more insights, visit easternpointtrust.com. #QualifiedSettlementFund #QSF #SettlementFunds #EasternPointTrust </video> <video> What is "Know Your Customer?" Description: What is “Know Your Customer” (KYC) and Why Does It Matter? KYC, or “Know Your Customer,” is a vital process used by financial institutions to verify customer identities and assess potential risks. Mandated under the PATRIOT Act’s Title 3, KYC ensures compliance with anti-money laundering (AML) and counter-terrorism financing regulations. It consists of two key components: the Customer Identification Program (CIP) and Customer Due Diligence (CDD). To meet KYC requirements, customers typically provide proof of identity (e.g., government-issued ID, passport) and address, along with advanced verification methods like facial recognition or biometric data. These measures help prevent fraud, detect suspicious activity, and reduce risks associated with money laundering and terrorism financing. KYC isn’t just about compliance; it’s about building trust and maintaining the integrity of financial systems. Financial institutions that implement strong KYC protocols protect themselves, their customers, and the global financial ecosystem. Want to learn more about KYC processes and requirements? Visit https://bit.ly/40Ir1xL #KYC #KnowYourCustomer #FinancialCompliance #AntiMoneyLaundering #FraudPrevention #EasternPointTrust </video>

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Eastern Point Trust Company is a non-depository trust company with decades of trust experience. Our commitment to our core values has created an environment that puts client success first – which is why our institutional and retail client relationships continue to grow. Eastern Point is one of the leading international trust innovators and has administered trusts related to some of the most recognized events. Our staff comprises internationally recognized fiduciary and trust experts that courts rely upon for expert testimony, trust construction, administration, and fiduciary matters.

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