Structured settlements
If you are injured by another party, you may be offered a structured settlement that provides a stream of tax-free payments.
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What Are Structured Settlements?
- Structured settlements are voluntary agreements made between injured victims and the defendant of an injury case.
- Rather than being paid in a lump sum, structured settlements provide payments for a set period of time.
How Do Structured Settlements Work?
- Structured settlements can be agreed to privately or required by a court order.
- You can tailor payments over the course of your life.
- You may set up monthly payments to function like a paycheck or set payments to be paid out in lump sums.