When Should I Use A Structured Settlement?
Fixed annuities and structured
settlements have been successful means in settling
damage liabilities in numerous circumstances - some of
which include:
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Personal Injury or Physical Injury:
For example, if you were injured in a car accident and
received a physical injury or suffered from medical
malpractice your structured settlement compensation
could be in the form of a fixed annuity payment.
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Worker's Compensation: If you have a
claim because your were injured on the job or have a job
related physical injury directly related to employment,
a structured settlement agreement can help you receive
the compensation deserve and make it easier for your
employer to make the liability payments.
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Environmental Claims: Frequently, structured
settlements can be used for those injured, or
even in a class action settlements involving
exposure to toxic spills, illegal
pollutants or the subsequent clean up efforts of
the environmental hazard.
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Attorney Fees: For
those who may need to
structure attorney fees regardless of any other
structuring in the clients' case. |
What Are Some Of The Reasons A Structured
Settlement Will Work For My Case?
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Through negotiations, structured
settlements will listen to and incorporate the needs of
every party involved.
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Through the use of structured settlements,
negative externalities are often eliminated -
maximizing benefit for the plaintiff and creating a quick settlement
with low litigation costs for the defendant.
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Fixed annuity payments are
income tax-free to the plaintiff, creating desirable tax benefits
associated with structured settlements. For the defendant, liability
can often be removed from the books.
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In many cases it is more preferable and beneficial to the
plaintiff to obtain a guaranteed payment stream as opposed to a lump
sum.
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