Structured Settlements

Structured Settlements Information

What Are Structured Settlements?

Structured settlements are structured cash payments through an annuity system that is established to pay injury victims for their troubled losses. Structured settlements are the other alternative payment plan to a lump-sum cash settlement. They are set up to provide payments to you over a specified period of time.

Structured settlements received special legislative treatment by the U.S. Congress in 1982, as a way to make big settlements more easier for parties and provide certain protections to victims. As a result, many people now choose a structured settlement agreement over a lump-sum payment, and courts often award them in civil actions where there will be long-term costs of living and the necessity for obtaining cash payments at some point in the future.

Under a structured settlement, the victim will receive compensation over an extended period of time (often a lifetime) instead of a large single payment. The structured settlement is a way of protecting the victim from economic loss and hardship, while also making the payout more acceptable for the defendant.

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For more free legal information on Structured Settlements, please use the links below:

• Appropriateness Of Structured Settlements

• Structured Settlements Law

• Structured Settlements Benefits

• Structured Settlements Formation

• Structured Settlements Awards

• Structured Settlements Payments