Structured Settlements Authority

How to Get Cash for a Structured Settlement

Benefits of Structured Settlements

Benefits for the Defendant:

1. In many case it is actually faster to settle the claim using a structured agreement rather than litigating the case in a court of law. Legal procedures, scheduling court dates and dealing with motions to postpone or delay can take substantial amounts of time. A mutually agreed upon settlement can help eliminate or reduce these types of delays.
2. Once the structure settlement is reached and the payment annuity is assigned, the responsibility and liability of the defendant is released.
3. The combination of cash lump sums and long-term annuity payments provided by structured agreement will help the claimant and his dependents recover from the loss and get on with their life. The defendant has the opportunity to show a sign of concern regarding the welfare of the victim by providing for their needs in the structure. This is also a contribution to society by reducing the victims need to rely on charity or public assistance to recover from their loss.
4. Structured settlement agreements can also save the claimant as well as the defendant money by helping them avoid expense and risk of a jury trial.

Benefits for the Claimant:

1. The beneficiary gains a sense of security with the knowledge that will receive a guaranteed stream of future payments to provide for their loss of income and ongoing medical needs.
2. The structured settlement payments received as compensation for the loss or injury are completely free from federal and state income taxes. In addition, any interest, growth or appreciation on the initial value of the structure is also exempt from taxation.
3. Once an agreement is reached, it gives the victim the freedom to focus on their recovery and rehabilitation instead of thinking about a long legal battle or the complexity of money management that comes with cash settlements.
4. Structured settlements also help victims avoid expense and risk or a jury trial.

Legal Aspects of Getting Cash for a Structured Settlement