The Settlement Advisory Services Group is part of the Trust and Investment Services Division of PeoplesBank, A Codorus Valley Company. The highly-trained professionals of the Settlement Advisory Services Group are dedicated to providing in-depth financial advisory services to individuals and their attorneys regarding the financial management of awards resulting from medical malpractice, personal injury, workers’ compensation, wrongful death and product liability.

 

 

The Trust and Investment Services Division of PeoplesBank has been managing trusts that were created as a result of various forms of litigation for over 15 years and has earned the reputation as one of the nation’s premier providers of services that meet the extraordinary needs of individuals that have suffered from personal injuries or other catastrophic events. We already have more than 160 trusts with beneficiaries residing in over 35 states.

 

The dedicated and compassionate team in the Settlement Advisory Services Group works closely with family members and other specialized care providers to help families focus on recovery and healing, rather than dealing with yet another intimidating institution. We try to relieve family members of many of the complex, financial decisions and activities that are so closely integrated with the care of their loved ones. We work personally with family members and medical administrators in regard to bill paying, coordination of medical benefits, paying personal care providers, acquisition of needs-specific motor vehicles and home modifications, and countless other activities.

 

We work closely with structured settlement providers to develop a plan that is customized to help our clients achieve their financial goals. Our reasonable minimum account size allows individuals to take advantage of the tax-free benefits of structured settlements, blended with the flexibility and liquidity of a diversified investment portfolio. When structured-settlement payments flow in to one of our trust or investment advisory accounts, we can effectively balance the short-term demands created by extensive, on-going medical bills with the long-term benefits of growth and capital appreciation that can be achieved with a well-designed investment plan.

 

In most cases, an injured person has permanently lost their ability to work at a job with the same earning capacity that they had prior to their injury. Therefore, their investments must be managed with the assumption that monies that are spent are utilized for purposes directly related to the on-going care and well-being of the injured person.

 

Most financial advisors are highly educated in the areas of retirement planning, estate planning and life insurance. The core of their business is the investment of retirement accounts like IRA’s and 401k rollovers, along with wealth building programs for business owners and individuals with significant capacity for personal savings and investment. They also have little or no knowledge of structured settlement annuities.

 

The investment portfolios of our extraordinary clients cannot be subjected to the same assumptions and risk levels of people who have the ability to replace investment losses with additional deposits to their accounts.

 

As early as possible. We can work closely with your attorney and/or structured settlement broker to help determine the appropriate split between up-front cash and the purchase of a structured settlement annuity and provide guidance and assumptions regarding investment scenarios.

 

The injury award is not a lottery winning, but it may effectively be the last paycheck our client will ever receive. How many highly educated people do you know who could live for an entire year if they only received one paycheck on January 1^st? How soon after January 1^st would most of us be broke? Imagine if you, as the recipient of a settlement award viewed your settlement as your last paycheck? You need to have someone that you can trust to coach you on a regular basis to make wise decisions on the management and expenditure of those funds.

 

 

Tax-Aware Investment Advisory Services

Special Needs Trusts

Guardianship Services for Minors or Incapacitated Persons

Power of Attorney Services

Grantor Reversionary Trusts

Irrevocable Trusts

Multi-Party 468b Qualified Settlement Funds

 

PeoplesBank, A Codorus Valley Company, with origins dating back to 1864 is a wholly-owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent
financial institution headquartered in York County, Pennsylvania. Codorus Valley Bancorp, Inc. is publicly traded on the NASDAQ market under the symbol CVLY. PeoplesBank provides a full range of business and consumer banking services through fifteen financial centers located throughout York County, Pennsylvania and Maryland. Mortgage banking, wealth management, and real estate settlement services are also offered by the company. Additional information is available on the bank’s website at www.peoplesbanknet.com.