Some of the structured settlement cases we handle:
- Severe or disabling injuries – whether temporary or permanent
- Wage loss for any period of time
- Guardianship cases, including minors
- Settlements that are a large portion of the plaintiff’s future support
- Shortened life expectancy
- Mentally incompetent cases
- Death cases – where surviving spouse or children need regular income
- Workers’ compensation
- Business ownership transfer
- Attorney fee structuring
A structured settlement is a package of financial solutions, which normally include periodic payments that a claimant accepts to resolve a personal injury, or other claim.
Structure Settlements are generally funded through purchase of annuities from top-rated life insurance companies. The insurance company makes ongoing payments to the injured person/plaintiff/recipient. Payments are tax free and made for most any time length – from many months, to a lifetime. Should the injured person die, the guaranteed portion of any settlement is made to the estate or a beneficiary – such as a child or spouse.