Two Major Benefits of Structured Settlements
Benefits of Structured Settlements
Structured settlements eliminate court proceedings and thus cheaper. Having structured settlements may eliminate lengthy court proceedings
Periodic payments as a result of judgment against a personal injury is called structured settlement. Considerable amount is paid over a period of time to meet present and future requirements of the injured party.
Those who do not want limp sum amount and do not have plans of dream purchases or dream business venture will be highly benefited from structured settlement lawsuit. Structured settlement benefit Senior Citizens most with assured income for the later life.
structured settlement at state and federal level is tax free. These type of settlement is not considered as gross annual income and thus tax free.
Structured settlements are more secure and regularly scheduled payment over a period. and thus beneficial for people living on fixed income group.
Structured settlements is some form of income for future and you are relieved of financial anxiety.
Structured settlement payments do not affect Social Security benefits.
Ultimately, structured settlements can very helpful in certain situations. For instance, individuals incapacitated whether temporarily or permanently, those that lack financial investment savvy, people that will require ongoing medical treatment or rehabilitation, minors.
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