Acquire a real estate license. Regardless of whether you ever plan on selling a house or other property, get your real estate license as a prelude to becoming a settlement agent. Most states require it, and most companies insist on it.
Full Answer
WHAT IS A SETTLEMENT PLANNER?
Settlement planners help clients use their settlement proceeds to attain their financial goals. The settlement planner guides clients through financial decisions that they need to make at settlement. Settlement planning often involves helping clients avoid loss of government entitlements while protecting their recovery from dissipation risk, taxes, liens, and other hazards. The settlement planner coordinates these efforts with other professionals including the plaintiff’s legal team, special needs trust attorneys, trust officers, CPAs, and others. Settlement planning most often occurs within a unique and pressure-packed planning environment where clients must make decisions likely to impact the rest of their lives. This environment places a premium on the ability of the planner to focus on the client’s goals and needs, make the correct recommendations, and help the client implement the plan.
Who owns the Registry of Settlement Planners?
The Registry of Settlement Planners is wholly owned and operated by the Society of Settlement Planners, Inc.
What is an RSP designation?
Attaining the RSP designation shows commitment to the profession of settlement planning. The designation is awarded to individuals who have completed an advanced level of education specifically aimed at settlement planning and settlement planning issues. Completing the education requirement helps settlement planners develop and sharpen their skills and provides a firm foundation in the basic knowledge required to practice planning competently. Professionals with the RSP designation have set themselves apart from competitors with their educational attainment and commitment to the stringent ethical and professional standards of conduct set forth by the RSP Board. These practitioners demonstrate their commitment to furthering this profession. Members are encouraged to seek one another out and share resources and knowledge.
What is settlement planner?
is a national structured settlement planning firm providing attorneys with analysis, design and implementation of periodic payment packages in the resolution of personal injury and wrongful death litigation.
What factors are considered in a settlement plan?
Your age, financial status, family, the nature of injuries, the short-term, and lifelong medical care will play a factor in the settlement plan. Our settlement planners discuss the best options and help you to attain a well-crafted settlement solution. At Settlement Planners, Inc., we take time to understand what is most important to you!
What is an independent annuity broker?
A skilled independent annuity broker who is not tied to any particular insurance company.
Why do you call in experts in personal injury cases?
In all other aspects of a personal injury case, you call in experts to support your position or counter the defense. Why would you then hand your client over to the opposition (or their agents) when it comes time to plan and structure their settlement?
Who comes first in a personal injury case?
In many of those cases, the interests of the defendant were served over the needs of the injured plaintiff. At Settlement Planners, the plaintiff comes first.
Can you take lump sum money from settlement?
Many of the people who receive settlements may initially rush to take a lump sum of money. The quick move can make you miss the crucial steps that may affect you later. Your settlement planner should advise on the best way to approach the use of the funds so that the present dollars you are receiving can be maximized in the coming years. Our settlement planner will assess your needs, wants and desires to build a personalized plan that will meet your financial requirements for the years that lie ahead.
How much does a planner make?
Planners in America make an average salary of $64,578 per year or $31 per hour. The top 10 percent makes over $88,000 per year, while the bottom 10 percent under $47,000 per year.
How many planners have a bachelor's degree?
We've determined that 56.8% of planners have a bachelor's degree. In terms of higher education levels, we found that 10.1% of planners have master's degrees. Even though most planners have a college degree, it's possible to become one with only a high school degree or GED. Choosing the right major is always an important step when researching how ...
How Do Planner Rate Their Jobs?
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How does a planner determine their career goals?
Using our career map, a planner can determine their career goals through the career progression. For example, they could start out with a role such as buyer, progress to a title such as purchasing manager and then eventually end up with the title director of purchasing.
How many hours do planners work?
A typical working week for a planner will be about 40-45 hours per week; but, if there is a rapidly approaching deadline, you will have to work much longer.
What is a planner?
A Planner is a design specialist associated with designing schedule plans on building projects and securing that the task is accomplished efficiently, on time, and under budget. A site-based Planner will typically report to either the Project Manager or Project Director for project execution. A planner reports departmentally to a pre-building ...
How many hours do you work as a planner?
A typical working week for a planner will be about 40-45 hours per ...
Earn a degree
To begin your Planner career path, a Bachelor's Degree in engineering or a related field is usually necessary in order to remain a competitive option for employers. Focus on industry-specific skill development during your education in order to be properly equipped when applying for entry-level positions and entering the job force.
Choose speciality
As an Planner, you may be required to choose a specialty within your field. Determine which part of the Planner field you feel strongest in, and continue taking active steps toward growing in your chosen Planner specialty.
Get an entry level
Once you've acquired a Bachelor's Degree in engineering or a related field, you'll typically begin your career as an entry-level Planner. In general, you can become a Planner after completing your 4 year Bachelor's Degree in a related discipline.
Advance in career
Following entry-level, there are several Planner career path levels to advance into. It can take 2 years as an entry-level Planner to progress to the next seniority level position. Each advanced Planner position requires approximately 2 years of experience at each level to advance in your Planner career path.
Continued education opportunities
Not all industries and companies require continued education to advance your Planner career path. However, earning this degree may help you advance to higher-earning positions more quickly. Earning a Graduate Degree in engineering can take 4 years to complete.
Part 1: Settlement Planning Seminar
RSP Part 1: Settlement Planning Seminar explores the emerging profession of settlement planning.
Part 2: Law for Settlement Planners
RSP Part 2: Law for Settlement Planners addresses legal issues surrounding settlement planning.
Part 3: Financial Planning for Settlement Planners
RSP Part 3: Financial Planning for Settlement Planners covers financial principles that are essential for settlement planning.
