What Are Structured Settlements

Under a structured settlement an injured victim doesn t receive compensation for his.

What are structured settlements. Structured settlement brokers a special type of insurance agent consult as a case approaches settlement. However many legal settlements offer a lump sum payment option which provides a one time sum of money. A structured settlement is like having your own pit bull who bares its teeth and growls when family and friends pressure an accident victim for a large loan. Advantages of a structured settlement.

You should think in terms of winning a personal injury lawsuit due to a car crash. A completely voluntary agreement between the injured victim and the defendant. You should take a lump sum settlement for all small settlements and most medium sized settlements less than 150 000 or so. A structured settlement may help parties who are far apart in their settlement negotiations to reach an agreement acceptable to both the plaintiff and the defendant.

As the largest plaintiff oriented settlement planning team in the industry sage settlement consulting offers full service settlement planning solutions tailored to meet the needs of plaintiff attorneys and their clients. For more about brokers see national structured settlements trade association. Tailored to the needs of the individual and to the amount awarded to that individual they can be a great plan for a lifetime of financial security in the wake of a tragedy. The defendant pays the negotiated settlement to the plaintiff.

The defendant sends you a check you cash the check and the case is over. Structured settlements have been a favorite resolution in personal injury and wrongful death cases for the last three decades. What is a structured settlement. The lump sum settlement is the traditional method for settling a case.

Cons certain parts of a settlement whether a lump sum payment or a structured settlement can be taxed including punitive damages some attorney s fees purely emotional damages not stemming from physical injury and more. Customized settlement planning we offer more than just structured settlements. Structured settlements are an innovative method of compensating injury victims. A structured settlement is a type of income annuity that is derived and negotiated from the result of a person or company winning a civil case.