Understanding Structured Settlements


    When two individuals or legal
    entities get into a dispute, one often ends up bringing the other to court.
    This happens quite commonly in the United States; statistics from the courts
    service show that there are more than 250,000
    civil cases
    in America each year.

    When the plaintiff (the person who
    brings a case) wins, the money they receive is called a settlement. Typically,
    you receive this money in a single lump sum. Sometimes, however, a judge will
    decide to award the money as a structured settlement instead.

    This means that you get your money
    in regular payments over a given period of time. If you are awarded $100,000,
    for example, a judge might decide to give you $10,000 a year for ten years,
    rather than handing it to you all at once.

    Read on as we delve a little deeper
    into the subject of structured settlements, and share some information about
    accessing funds.

    Are Structured Settlements Awarded?

    Judges decide to award structured
    settlements for a number of reasons. First and foremost, they may feel that the
    interests of the plaintiff would be best served by this arrangement; if the
    person is young and will have ongoing expenses for many years, it makes more
    sense for them to receive a structured settlement.

    Similar logic applies if the
    plaintiff has a family that needs to be taken care of. Education costs and other expenses incurred by
    dependent children tend to arise in a consistent fashion over the course of
    many years.

    Advantages of Structured Settlements for Plaintiffs

    Even if you don’t have concrete
    obligations that make a structured settlement necessary, there are reasons why
    it can work better for you. The most obvious one is that the temptation to
    spend your settlement recklessly is removed; you can’t spend what you don’t

    to Do if You Need Your Money Up Front

    If a judge gives you a structured
    settlement, but you need a large amount of money at once for one reason or
    another, you have options. There are companies that, for a fee, will trade your
    structured settlement payments for a lump sum.

    Rightway Funding is one such
    company. Check out these reviews if you’d like to know more about the
    service it provides.

    the Right Payment Solution for Your Needs After a Courtroom Win

    A structured settlement offers a
    victorious plaintiff a number of undeniable benefits. For one thing, it keeps
    you from blowing all your money as soon as you get out of court!

    However, it’s not always as simple
    as that. Many people have significant financial obligations that need to be
    met. In that case, it might be worth looking into alternative options when you
    receive your structured settlement.

    Did this article answer your
    questions? If so, you’ll be glad to learn we have lots more super-informative
    content just like this on our website! Check out our articles on tech,
    and much more besides.


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