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Appropriateness Of Structured Settlements Information
When Are Structured Settlements Appropriate?
Structured settlements are not appropriate in every case. A
simple accident where the injured party is and will be fully capable, cases
where the term of the treatment or care is not spread out over a long period,
and where the kind of injuries are not severe would probably not have a
structured settlement option.
Structured settlements are designed for many other types of cases though
including:
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Severe injury where there is long-term treatment
requirements, where future medical costs will necessarily be incurred, and
to meet living and family expenses.
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Worker’s compensation cases where the injured party may
not be able to work or at least work to the earning capacity that they would
otherwise have enjoyed.
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Permanent or temporary disabilities that will take
extensive recovery time
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Wrongful death cases where a surviving family will need a
regular income to replace that of the lost spouse/parent
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Guardianship cases where there are minor children or
another person who is judged to be incompetent such as a person with
psychological, emotional, or mental handicaps.
For more free legal information on Structured Settlements, please use the
links below:
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