LYCOS RETRIEVER 
Structured Settlements: Defendants
built 606 days ago
A structured settlement is commonly used to facilitate payments made in the event of divorce, accidents, and other legally agreed upon reimbursements. They are ... used to distribute lotto winnings and sometimes called periodic payments. These structured cash payments have increased in popularity since being refined by U.S. Congress legislation in 1982. This provision made large monetary settlements more agreeable to both defendants and prosecutors while assuring victims certain protections. Structured settlements are typically negotiated through pre-trial proceedings or court order.
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A structured settlement compensates injury victims by way of a voluntary agreement between the defendant and the victim or the victim’s survivors. Payment is not made in one lump sum, rather smaller tax free payments, determined by present and future medical expenses and living expenses. A structured settlement can ... be reached privately rather that going to court and incurring additional expenses, of course you would do this with a lawyer versed in the field of accidents. A structured settlement can made if a person is permanently or temporarily disabled. If a minor is involved , a legal guardian would become involved and take charge of decision making. This type of settlement is also used in wrongful death cases, where the survivors can sell a policy, rather than just cash it in, and receive a additional yearly income.
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In a structured settlement, the defendant/insurance carrier agrees to provide injured parties with certain periodic payments. A structured settlement results in the release of claims against the defendant in exchange for the promise by the defendant to make a stream of future payments to the injured party. A structured settlement may ... include an immediate, up-front cash payment to the injured party at settlement as well as future lump sum payments.
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Often, in the case of a structured settlement, neither the beneficiary nor the defendant has a clear idea of the costs involved in the settlement. A structured settlement broker can help the parties involved to get a fair assessment of the costs based on calculations and projections. A broker provides information that acts as a platform for conducting negotiations.
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