Who should use Structured Settlements?
Any combination of the following criteria may be used to decide if a structured settlement is appropriate for a personal injury situation: • The loss amount is greater than $10,000 and there is an opportunity to defer some of the payments for three or more years. • There is involvement of a minor child and a loss of $5,000 or more. • The injured party has a desire for the security and peace of mind gained from receiving a steady stream of income over a long period. • The injured party has little experience and some discomfort with managing large sums of money all at once or over time. • The injured party wants to shelter the settlement monies from future taxation on the earnings. • The severity of the party’s injuries and future care needs will best be served by a plan of periodic payments and lump sums.
