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What documents are “created” in a Structured Settlement
These payments may be scheduled for any length of time -- even as long as the claimant's lifetime -- and are structured to meet the financial needs of the claimant. Payments can be in equal amounts or can vary. They may include future lump sums. A structured settlement arrangement may be agreed to privately, as in a pre-trial settlement, or it may be required by a court order, as in a settlement or judgment involving a minor. A structured settlement is a proven, effective solution for the needs of personal injury claimants. Claims professionals, plaintiff attorneys, judges and defense attorneys advocate the use of structured settlements because they can effectively meet a claimant's needs for security, and provide more benefits over time than a single, lump sum settlement because of applicable tax rates.
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