Structured Settlement
Thursday, October 23rd, 2008Are you hace structured settlements? Maybe one of you did not have it. Structured settlements were introduced in Canada and the United States in the 1970’s. They were introduced as an alternative to lump sum payments, common in insurance settlements and lottery winnings. In the decades since, they have also been accepted as legal financial instruments in England and Australia. A structured settlement can provide for payment in pretty much any schedule the parties choose. For example, the settlement may be paid in annual installments over a number of years, or it may be paid in periodic lump sums every few years. Individuals who are beneficiaries of a structured settlement can exchange their installments for a cash payout if they so wish.... Read more »