Tag: Structured Settlement Payments
Cash Payments Or a Structured Settlement?
In traditional settlements, compensation for damages has usually consisted of a single cash payment. History has shown that this money is often unwisely managed and quickly spent, leaving no funds available to provide for future needs. Alternative arrangements know as structured settlements were created in the 1980’s. Under these arrangements the beneficiary would receive cash [...]
Posted: June 18th, 2007 under Annuities, Money, Structured Settlements.
Tags: Alternative Arrangements, Annuities, Annuity Income, Annuity Payments, Beneficiary, Cash Flow, Cash Payments, Cash Settlement, Compensation For Damages, Favorable Tax Treatment, Lifetime, Living Expenses, Money, Payment History, Periodic Basis, Personal Finance, Proceeds, Public Assistance, Settlement Agreement, State Laws, Structured Settlement Payments, Structured Settlements, Traditional Settlements
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What Is a Structured Settlement Payment?
Formally recognized by the federal government since 1983, structured settlement payments are specified in voluntary settlement agreements between and injury victims and defendant(s). A settlement payment or annuity comes as the result of a contract between a victim and a defendant whereby the injured victim receives a stream of tax-free settlement payments as an annuity [...]
Posted: June 18th, 2007 under Money, Structured Settlements.
Tags: Annuity, Defendant, Federal Government, Free Payments, Free Settlement, Injury Victim, Innovative Solution, Lifetime, Litigation, Lump Sum, Money, Personal Finance, Personal Injury, Plaintiff, Settlement Agreement, Settlement Agreements, Settlement Payment, Structured Settlement Payments, Structured Settlements, Substantial Benefits, Timetable, Voluntary Settlement
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