Common Contracts
1 similar Structured Settlement Agreement contracts
Security for the FutureStructured Settlement Agreement • January 9th, 2015
To help protect settlement recipients from financial misfortune, a concept called structured settlements was developed in the early 1970’s. A structured settlement is an agreement between parties, pursuant to existing Internal Revenue Regulations, which provides tax-free payments for an agreed upon period of time or for the life of the claimant. Structured Settlements are based on a financial plan for immediate cash and future tax-exempt payments which take into consideration the future needs of the injured party. Structured Settlements are also designed by the claimant in order to maximize their settlement by receiving secure and tax-free payments.
