Structured Settlements Definition

A structured settlement will normally require payment of an initial sum of money to the plaintiff with additional payments to be made over a period of years. Other names for a settlement agreement and release.

Video Why Use A Structured Settlement Arcadia

Credits Until Structured Settlement After Getting An

Best Of The Recorder

The key difference between an adult owning a structured settlement and a minor owning one is control.

Structured settlement release. When structured settlements were first introduced in the united states in the late 1970s they were viewed primarily as a defense claim management concept which was binary in nature. Structured settlements for minors are usually paid through an annuity from a life insurance company just as for adults. Contact an experienced personal injury attorney to discuss the facts of your case and help you decide whether a structured settlement would be in your best interest. A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule rather than as a lump sumas part of the negotiations a structured settlement may be offered by the defendant or requested by the plaintiff. Arcadia has a diverse group of highly skilled creative settlement experts with extensive experience in setting up structured settlements in medical malpractice federal government workers compensation commercial contract settlements mass torts and attorney fees. In law a settlement is a resolution between disputing parties about a legal case reached either before or after court action beginsthe term settlement also has other meanings in the context of law. Structured settlement documents must be carefully drafted to reflect the proper consideration for settlement. Structured settlements provide for future periodic payments instead of a one time cash payment. Learn more about structured settlements by talking to a lawyer. A structured settlement is a negotiated financial or insurance arrangement through which a claimant or plaintiff agrees to a settlement by receiving part or all of a settlement in the form of periodic payments on an agreed customized schedule rather than as a lump sum. Where a structured settlement is part of the settlement the consideration will be in the form of cash and future periodic paymentsthe periodic payments must be specified as part of the consideration in the release or an incorporated addendumexhibit. Please refer to the structured settlement flow chart below. In order to receive tax advantages of structured settlements the settlement agreement and release must be drafted carefully so that the future periodic payments are part of the considerati8on for the settlement. The united states structured settlement market has been in existence for approximately 40 years and continues to expand its scope complexity and importance within the context of personal injury settlement planning. In many circumstances a settlement may be a faster cheaper and less stressful alternative to trial.

A structured settlement is an arrangement through which the plaintiff agrees to receive the settlement through periodic payments made on an agreed schedule instead of as a lump sum.