Article Library for Your Personal Injury Claim

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...