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What is a Structured Settlement?

Updated: 12/13/2022
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14y ago

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A structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation. Structured settlements were first utilized in Canada and the United States during the 1970s as an alternative to lump sum settlements. Structured settlements are now part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. Although some uniformity exists, each of these countries has its own definitions, rules and standards for structured settlements. Structured settlements may include income tax and spendthrift requirements as well as benefits. Structured settlement payments are sometimes called "periodic payments." A structured settlement incorporated into a trial judgment is called a "periodic payment judgment."

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Q: What is a Structured Settlement?
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Related questions

can you sell your structured settlement in the state of NC?

According to Structured Settlement Protection Act, you have right to sell


Where can I learn about structured settlement funding?

Structured settlement funding is when a company buys your periodical payments and gives you a lump sum settlement.You can contact JG Wenworth about your structured settlement and peachtreefinanical for help.


Where can I learn more about cash for structured settlements?

You can learn more about cash for structured settlements at at www.jgwentworth/Structured-Settlement/Sell-Structured-Settlement.aspx. They explain what a structured settlement is, and how to sell all or some of your monthly payments.


What is structured settlement funding?

A structured settlement is the payments you are receive from a settlement in wrongful death or injury case. Structured settlement funding allows a company to "buy" the future installments of the settlement from the payee. The payee then receives a lump sum from the company and the company receives the future payments.


When would a structured payment be required?

"Usually, a structured payment is set up as part of a structured settlement." A structured payment is made to a claimant who was part of a structured settlement. They receive payments instead of one lump sum.


What exactly is a sell structured insurance settlement?

Keyword: sell structured insurance settlementJ&RQuestion: What exactly is a sell structured insurance settlement? What a sell structured insurance settlement means is that instead of getting a lump sum payment, you will receive as a claimant in the case of personal injury, a financial agreement or settlement.


In what year was the Structured Settlement Protection Act enacted?

A structured settlement is a financial or insurance arrangement, defined by Internal Revenue Code as periodic payments. The Structured Settlement Protection act was enacted during 1970s.


How can one obtain a structured settlement transfer?

A structured settlement is a conservative pre-owned annuity or in other words a financial or insurance arrangement. The benefits of a structured settlement transfer can be to reduce legal and other costs.


How do you get money out of a structured settlement?

The first step to getting money for your structured settlement is determining if you want to sell partial payments or sell your whole structured settlement for a lump sum. Next you apply with a funding company that specializes in structured settlement buyouts to receive a quote.


How does one sell a structured settlement?

You can sell a structured settlement to J.G. Wentworth. They are one of the worlds largest buyers of structured settlement payments and annuities. They have also handled more than $2 billion in payment transfers.


Where can a person go to get information on acquiring a structured settlement payout?

Given the high amount of variation presented in a structured settlement payout plan, it can be concluded that the single most reliable location to obtain information on acquiring a structured settlement payout plan would be directly from the company that would be handling the structured settlement payout.


How can I get a payment advance on my cash structured settlement?

There are many organizations that advertise on television that offer payment advances on cash structured settlements. In addition to them, a good one online is www.stonestreet.com. A structured settlement spells out the terms of the settlement and when the settlement payments will be made. There is not a way to get a advance on that.