Structured Settlements Enable the Newly Injured to Live with Dignity, Independence, and Freedom from Reliance on GovernmentStructured Settlement Agreement • November 17th, 2022
Structured settlements have been widely used in the tort area for more than three decades, and in worker’s compensation for nearly two decades. In a structured settlement, a voluntary agreement is reached between the parties under which the injured person receives damages in the form of a stream of periodic payments tailored to his or her future medical expenses and basic living needs from a well-capitalized, financially-experienced institution.
No. 168. An act relating to structured settlements and to prohibiting collusion as an antitrust violation.Structured Settlement Agreement • May 25th, 2012
ContractStructured Settlement Agreement • May 5th, 2020
designed to meet the victim’s ongoing expenses for medical care, living, and family support. Structured settlements are voluntary agreements reached be- tween the parties that are negotiated by counsel and tailored to meet the specific medical and living needs of the victim and his or her family, often with the aid of economic experts. This process may be overseen by the court, particularly in minor’s cases. Often, the structured settlement payment stream is for the rest of the victim’s life to ensure that future medical ex- penses and the family’s basic living needs will be met and that the victim will not outlive his or her compensa- tion.
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.
