Structured Settlement

	Structured Settlements
	Structured Settlement Recognized by  US federal law since 1983, structured settlements are an excellent way for injury and wrongful death victims to protect their financial interests. Payments are tax free and can be tailored to a plaintiff's specific needs. Structured settlements are an innovative method of compensating injury victims. Encouraged by the U.S. Congress since 1982, a structured settlement is a voluntary agreement between the injured  and the defendant. Under a structured settlement, the injury victim doesn't receive compensation for his or her injuries in one lump sum. Rather, he receives a series of tax-free payments necessary to meet future medical expenses and basic living needs. A structured settlement may be agreed to privately (for example, in a pre-trial settlement) or it may be required by a court order, which often happens in judgments involving minors.
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