Robert W. Wood
The author is with Wood LLP, San Francisco.
Call it a qualified settlement fund, a QSF, or a section 468B trust. By any name, it is a flexible vehicle that more lawyers—both plaintiff and defense—should be using. QSFs are governed by section 468B of the Internal Revenue Code. Although that section was enacted in 1986, the use of QSFs dates from 1993 when the Internal Revenue Service (IRS) published regulations governing their operation.