Is a Structured Settlement Right For You?

Structured settlement is what you get if from a court tort claim. Instead of getting a lump sum settlement, the court will have the amount divided to multiple scheduled payments that will be completed over time. Structured settlements can be made in various ways that will suit the recipient’s needs. Although it is primarily designed with the recipient’s welfare in mind, there are instances that the scheduled payments may not serve its purpose.
Structured settlement payments can also cover the claimant’s medical bill. Having guaranteed money to cover for these expenses alleviates any burden that may be felt by family members, thus, providing a meaningful life to the recipient despite his medical condition. Structured settlements will always be good for the recipients.