"Marrying for love may be a bit risky, but it is so honest that God can't help but smile on it."Josh Billings
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Buyers of Structured Settlements
This article provides useful, detailed information about Buyers of Structured Settlements. Structured settlements can be bought as an investment or provided as a compensatory payment to an injured party. Hence, these settlements can be used ...
Structured Settlements Annuities
This article provides useful, detailed information about Structured Settlements Annuities. In simple words, a structured settlement annuity can be considered as a lump sum that would be paid in exchange for a periodic payment. When an ...
Understanding Structured Settlements and their Advantages
Put in simple terms, a structured settlement is merely an agreement that's reached between a plaintiff and defendant that outlines the flow of payment that the plaintiff receives, due to injury. These payments – which are made over a specified ...
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If you are involved with a legal decision, financial claim or insurance arrangement, the financing process to settle and resolve the claim can often take two forms. Either a one-time lump sum payment, or a long-term periodic series of deferred structured settlement payments. But which is best for your situation? Learn more at http://www.settlements-i.com/
A structured settlement involves a financial or insurance arrangement which includes a periodic stream of payments, that a claimant or plaintiff accepts in order to resolve a personal injury claim or other legal case. They were first utilized in Canada and the United States during the 1970s as an alternative to lump sum payments and are now part of the statutory tort law of several common law countries.
A structured settlement is a deferred payment method for compensating injury victims, and is a voluntary agreement between the injury victim ( plaintiff ) and the defendant. The plaintiff will receive the monetary payout over the course of a number of years through this deferred payment agreement. Under a structured settlement, an injury victim does not receive compensation for their injuries in one lump sum, but rather, they will receive a stream of tax free payments designed to meet future expenses and living needs. This type of compensation method is becoming more popular in a wide variety of legal cases.
The benefits of a structured settlement over a lump-sum payment include the security of a guaranteed long-term income with deferred payments that are exempt from income taxes. The federal government encourages the use of structured settlements in personal injury cases. Structured settlements also attract support from plaintiff attorneys, state attorneys general, legislators, consumer and disability advocates.
Structured settlements can be ideally suited for cases with:
• Persons with temporary or permanent disabilities
• Guardianship cases that may involve minors
• Workers compensation cases
• Wrongful death cases
• Severe injury
Want to Sell Your Structured Settlement?
Not everyone benefits from a long-term payment situation and some may want or need a lump sum instead. The owner of a structured settlement, such as lottery winners, medical, insurance, accident and lawsuit settlement owners, can often sell their rights to the deferred payment stream, in exchange for a one time lump sum payment from a variety of financial institutions. All situations are different, and as with any legal issue, you should always consult your attorney.
About the Author
Greg Smith is the publisher of the informational web site on Structured Settlements at http://www.settlements-i.com/. Visit his web site for the latest on settlements of all types.
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