Structuring Financial Settlements for Long-Term Stability With David Carrier

Описание: Welcome to episode 319 of Grow Your Law Firm, hosted by Ken Hardison. On today's episode, Ken is joined by David Carrier, a Michigan-based estate planning and elder law attorney and Founder of the Law Offices of David L. Carrier, P.C., with more than three decades of experience helping families protect and preserve life-changing assets.

The conversation explores a critical but often overlooked issue for personal injury attorneys: what happens to clients after they receive a major settlement. Ken and David discuss why large awards frequently disappear within months, the psychology behind sudden wealth, and the ethical opportunity law firms have to guide clients beyond the resolution of the case. David explains how tools like irrevocable trusts, structured distributions, and professional co-trustees can help prevent settlements from being lost to overspending, creditors, or poor investments. The discussion also highlights how offering post-settlement guidance can deepen client trust, improve long-term outcomes, and create lasting referral relationships.


What you’ll learn in this episode:

Why Life-Changing Settlements Often Disappear
How most large awards are spent within 12–18 months
The psychological patterns behind sudden wealth loss

Protecting Clients Beyond the Case Resolution
Why “here’s your check” isn’t enough
The ethical responsibility attorneys have after a settlement

Using Irrevocable Trusts to Preserve Wealth
How trusts protect assets from creditors and bad decisions
Why access with structure matters more than lump sums

Avoiding the Pitfalls of Annuities and Windfalls
Why annuities often fail to solve long-term problems
How structured planning slows spending and improves outcomes

Turning Post-Settlement Care Into Long-Term Value
Strengthening client relationships through ongoing guidance
How better follow-through leads to trust, referrals, and reputation growth




Resources:

Website: davidcarrierlaw.com
LinkedIn: linkedin.com/in/davidlcarrier
Facebook: facebook.com/DavidCarrierLaw
Instagram: instagram.com/davidcarrier_law/?hl=en




Additional Resources:

https://www.pilmma.org/the-mastermind...
https://www.pilmma.org/resources
https://www.pilmma.org/mastermind


AI for PI Expo:

www.pilmma.org/ai-for-pi-expo