What are the advantages to structured settlements?
A guaranteed stream of income provides a certain measure of security for the future, and for plaintiffs who have suffered life-altering injuries a structured settlement can ensure that there will be ongoing funds to cover medical bills and living expenses. Moreover, many people who come into a major award spend money wastefully, and few people have the investment acumen to know how to wisely invest a major award. Also, the payments from a structured settlement are considered tax-free income and are not subject to any state or federal tax.
