Structured Settlements: Issues and Benefits of the Primary and Secondary Market
Most everyone has seen some version of a commercial about structured settlements, usually tied into "getting cash now."
It can be confusing, complex topic, and many companies are not communicating accurate information. It's actually a simple concept, but the legal documents make it seem much more complicated than it is.
What is a structured settlement? A structured settlement, strictly defined, is a negotiated agreement in a tort action to provide payments over time. It happens after a court process where one party was hurt and the other party is told to pay. The matter could be personal injury, worker’s compensation for an on-the-job injury, property loss,