Jumaat, 9 September 2011

The Advantages And Disadvantages Of Structured Settlements

The structured settlement is definitely an arrangement where rather than a lump amount of cash being awarded to some claimant, a tax-free regular payment is decided. Structured settlements in many cases are used in guardianship instances, workers compensation instances, wrongful death instances and severe damage cases.

Research has indicated how the more severe the actual injury, the more likely it will likely be that a structured settlement is going to be used.

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How To Get Cash For Your Structured Settlement

Structured settlements are financial agreements that are worked out between a claimant and a defendant in tort procedures. The two parties settle on a tax-free financial settlement that is paid out over a period of time that is determined by the claimant.

Established by Congress during the 1970s, structured settlements were designed as a better method of payment as opposed to lump sum payments.

feymes.com


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