A "Structured settlement" is when a large sum of money is paid in installments by the plaintiff to settle a case, instead of paying the amount at one time. This can be done by the defendant, the plaintiff's attorney or a financial planner consulted in association with the settlement. Structured settlements are more often than not created through the purchase of one or more annuities, which guarantee the future payments.
The parties can provide payment for the Structured Settlement in a number of schedules, including but not limited to annual installments over a number of years or periodic lump sums every few years.
excerpts from the ExpertLaw Library http://www.expertlaw.com/library
The parties can provide payment for the Structured Settlement in a number of schedules, including but not limited to annual installments over a number of years or periodic lump sums every few years.
excerpts from the ExpertLaw Library http://www.expertlaw.com/library
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