If you or a loved one have been involved in a personal injury case, you may have heard of a structured settlement. But what is a structured settlement?
A structured settlement is an agreement between the injured party and the defendant in a personal injury case. It is an arrangement in which the defendant agrees to pay the injured party a set amount of money over a period of time. This money is meant to compensate for the losses and damages associated with the injury.
Structured settlements are often used in personal injury cases because they provide the injured party with a steady and reliable stream of income. This helps to ensure that the injured party can maintain their quality of life and receive the necessary medical care. Structured settlements also provide the injured party with a sense of financial security, as they will always have a guaranteed source of income.
Structured settlements can be tailored to the needs of the injured party. The amount of money and the length of time over which the payments will be made can be adjusted to meet the needs of the injured party. This allows the injured party to receive the money they need, when they need it.
Structured settlements are a great way to ensure that the injured party is adequately compensated for their losses and damages. They provide the injured party with a steady stream of income and financial security, while also helping to ensure that the defendant pays for the damages they caused.
