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Structured Settlements Sub TopicsBACK TO PERSONAL INJURY
- Managing Structured Settlements (2 of 4 articles)Learn More...
- My step-mom who is terminally ill had an accident. Her attorney says that she should take a lump sum settlement rather than a structured settlement because she needs the money now and won’t be here to receive the payments over several years. She wants me to get any remaining payments – not a lump sum after she’s gone because she is afraid i’ll blow it all if I get the full amount at one time. How should she work this out?
- Can I invest my tax-free lump sum settlement and still qualify for tax-free benefits on the earnings?
- What Is a Structured Settlement? (2 of 4 articles)Learn More...
- What types of structured settlements are available and what are the differences?
- My husband and I were injured in a bus accident. My husband will be out of work for a year and my part-time income cannot support our family. Our attorney says a structured settlement will give us regular payments, but he has not put one together. He would hire an expert. Should we trust him? What kind of questions should I ask? Should I shop around?
Today's legal News
Structured settlements are sometimes offered in personal injury cases in lieu of single payment compensation. Instead of offering an injured plaintiff a single cash payment, a structured settlement is offered, whereby multiple payments are made over time. Structured settlements are a good idea when future medical bills and costs are uncertain, when the party making the payment is unable to pay a single large sum all at once, or when the plaintiff prefers having income coming in at regular intervals. There are both advantages and disadvantages to this option that must be carefully considered before this type of settlement is accepted. This section provides details about what structured settlements are, how they work and the pros and cons of choosing them over a single payment.