Article Library for Your Personal Injury Claim

Structured settlements are financial arrangements designed to provide long-term, tax-advantaged compensation to plaintiffs in personal injury, wrongful death, or other tort cases, ensuring a steady income stream rather than a single lump-sum payment. These settlements are typically established through negotiations between the plaintiff, defense...

Structured settlements are typically awarded in legal cases involving personal injury or wrongful death, where periodic payments are designed to ensure long-term financial stability for minors. However, accessing these funds for educational purposes requires a thorough understanding of legal restrictions, tax implications, and strategic financial...

Third-party assignments play a crucial role in the structured settlement process, providing significant benefits to both the claimant and the defendant. Under Internal Revenue Code (I.R.C.) § 130, a qualified assignment allows the defendant to transfer the obligation to make periodic payments to a third-party assignee, typically an insurance...

When it comes to receiving a large sum of money—whether from a personal injury settlement, lottery winnings, or an inheritance—how you receive that money can have a significant impact on your tax liability. Two common options are structured settlements and regular annuities. While both provide a steady stream of income, they are treated very...

Structured settlements are a common financial arrangement in personal injury cases, providing plaintiffs with a steady stream of payments over time rather than a lump-sum settlement. One of the key advantages of structured settlements is their potential tax benefits, which can significantly enhance the financial security of the recipient. However,...

Structured settlements provide a steady stream of income over a specified period, which can be incredibly beneficial for individuals with long-term medical needs or those who have lost their ability to earn a regular income. This method of settlement is particularly useful in ensuring that the injured party receives continuous support for ongoing...