When a court case favors the plaintiff and will involve a large monetary payout, the
attorneys and other parties involved may conclude that payments should be made over
time rather than in one lump sum.
Working with a competent financial planner, the...
More
When a court case favors the plaintiff and will involve a large monetary payout, the
attorneys and other parties involved may conclude that payments should be made over
time rather than in one lump sum.
Working with a competent financial planner, the
consensus may be to set up an annuity, or however many annuities will suffice.
These
arrangements, referred to as structured settlements, guarantee payments in a way that may
be beneficial to both parties.
Payment schedules can be fairly flexible, with installments
paid annually or in larger sums every two or three years.
Structured settlements offer a number of benefits for plaintiffs, as long as they are set up
correctly.
Perhaps most importantly, an account that is properly structured will offer a
number of financial advantages that keep tax obligations as low as possible or eliminate
any obligation altogether.
Settlement arrangements may also keep funds from being
squandered, which may be especially important if the funds will be
Less
