
By structuring the money over a longer period of time, a structured settlement offers the best guarantee for the future of money from one payment of compensation which can be spent quickly.
This process is about 40 years. In the 1970s, courts that drug called Thalidomide is given to a pregnant woman is sentenced responsible for serious birth defects, life-long, structured settlements have emerged as a way to make sure that the money given to the child lasted a lifetime.
However, today, most of the settlements of civil cases is money. There are two main differences between settlements and structured settlements lump sum: long-term security and taxes. By structuring the money over a longer period of time, a structured settlement offers the best guarantee for the future of money from one payment of compensation which can be spent quickly. The money they receive from personal injury is almost always tax free when you get them. However, once the money is yours, and you are responsible for the taxes and profits from the lump
0 Comments