Structured Settlement
By Ken Austin, Thu Dec 8th

Often, a structured settlement is one that offers the payment offunds owed in an agreed upon way. It works to allow individualsto receive payments of the money that is owed to them in suchcases as a lottery winning or a personal injury lawsuit.

A structured settlement also allows for the company makingpayments to pay in payments rather than in a large, lump sum. Todecide if a structured settlement is the right choice for you,consider these factors.

*In many cases, a structured settlement is one that will allowyou to receive monthly payments as opposed to one large lumpsum. It is often the case that a lump sum will be worth lessthan the payments could be over time. It is often the mostbeneficial in dollar amounts.

*Secondly, it has more tax advantages to it than that of a lumpsum payment. It is often structured to include a lesser amountof money going to taxes.

*It is a good choice in circumstances where the individual ison disability, is incapable of work or has become incompetent.In these cases, it allows for monthly payments to allow carethroughout the life time.

*In cases where a wrongful death has happened, it is necessaryfor the spouse and/or children to receive monthly payments toallow for compensation for wages.

*It is also a benefit in such cases where the money will beneeded to make payments. For example, in the payments needed formortgages and car loans.

A structured settlement allows for individuals to receivepayments instead of receiving a lump sum. While a lump sum mayallow for more right away, a structured settlement allows forcontinuous help throughout the course of the repayment terms.

Determine which is the right situation for you is something thatyou and your attorney will need to discuss further. Ask him whata structured settlement can do for you.

About the author:Ken Austin is the webmaster at Structured Settlement Tips and Financial Resource Guide