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Jack Meligan left a Portland, Oregon investment advisory and financial planning firm in 1986. Soon setting off on his own to work with personal injury victims in structured settlements.
In those early days, settlement planning was usually nothing more than a structured annuity. But there was a problem. The amount of the annuity and its issuer were determined solely by defendants and their insurance companies. Even more, this was done with no regard for the needs, wishes and opinions of victims and their families – people who depended on the settlement to put their lives back together.
Beginning with a 1987 article titled “Conflicts of Interest in Structured Settlements,” Jack began tearing down the walls. Giving injury victims and their attorneys a more prominent role in determining the size, structure and provider of settlement solutions.
After that, numerous articles and writings followed. All aimed directly at giving claimants greater control over their settlement choices and financial planning.
Meanwhile, in 1992, Jack discovered the 468(B) Qualified Settlement Trust Fund regulations in the tax code. He became one of the first practitioners in the country to use QSFs to help clients. Since then, more than 300 clients have settled their cases with Qualified Settlement Funds.
Later, in 2000, Jack co-founded the Society of Settlement Planners, an organization that promotes the concepts of, and educates professionals about, the latest developments in the profession. A widely recognized settlement industry authority, Jack also helped develop the curriculum for the nation’s only professional Registered Settlement Planner designation, a designation he has held since 2009.
Today, Jack and his growing force of professional settlement planners continue as fierce advocates for plaintiffs and trial attorneys. For more than 29 years, SPI has forged new paths, developing comprehensive, innovative solutions to protect victims and attorneys all over the U.S.
The wrongfully injured often experience hardships most of us can’t begin to imagine. At SPI, we strive to create a future where victims and their families get all the life planning and financial support they need.
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“Jack Meligan sincerely cares about us. He’s a wonderful person with an excellent business. I’m sure it’s because he really cares about people and knows his job. He’s good. I would always recommend Settlement Professionals to anyone.”
B.M.
Personal Injury Victim from Manteca, California
“Jack Meligan and his fellow professionals at SPI stand alone in settlement planning and structuring settlement dollars for my clients. They work with plaintiffs and plaintiffs only and have been leaders in advancing the art and providing protection for those who need it most. SPI has my unqualified recommendations and endorsement.”
Mark R. Bocci, Esq.
Member, Inner Circle of Advocates
1800 Blankenship Rd., Ste. 160
Portland, OR 97068-4173
“Settlement Professionals Inc. is the best in the business. Jack and his team will truly give the advice that best benefits your clients, often to their own economic detriment. They truly care. All that said, Jack needs to work on his slice — it’s atrocious!”
Jeff Foote, Esq.
Past President, Oregon Trial Lawyers Past President, Trial Lawyers for Public Justice (TLPJ)
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