Consider a Structured Settlement?

Structured settlements have been around for a long time however their popularity has steadily increased over the past 6 years. In 1999 only 7% of insurance settlements that were under $7,000 were completed as structured settlements. While we don't have hard data for the current year, the number is much higher now.

Because of the fast increase in popularity of using a structured settlement as an option for lawsuits, many people are forgetting to consider the option of pursuing structured payments when settleing a lawsuit.

There are many reasons to consider a structured settlement as a funding option for a legal settlement:

  • Clients ability to work long term is questionable
  • Clients lack of ability to manage finances in the past
  • Clients doesn't want to manage a large settlement
  • Immediate medical bills don't affect the client
  • You can get a higher settlement if paid over a longer time

Another type of legal option which can be finalized as a structured settlement are real estate lawsuits. While it hasn't been very popular in the past, real estate structured settlements are gaining in popularity.

You can find out more about real estate structured settlements at UtahRealEstatehelp.com. They have good information about funding structured settlements for real estate.

One last reason why legal counsel should consider structured settlement payments for their clients is because of the flexibility it provides clients. For people who don't have personal finance management skills, it provides them the management. For people who don't have job security, the structured settlement payments provide them the security of knowing the money is going to be there.

Also, if the situation should arise in which a structured settlement holder should need a lump sum of money, they can get cash for structured settlements by selling to a structured settlement buyer. This allows them to get a large amount of cash right now for their structured settlement payments.

John Jonas is an entepreneur and a family man with interests in real estate, marketing, and financial products. You can find out more at his Jonas Family website.

In The News:

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Kiplinger's Personal Finance

Bora Bora or Bust: Annuity Sales Incentives May Taint Structured Settlements for Accident Victims
Kiplinger's Personal Finance
That's why every year, tens of thousands of injury victims settle legal claims with a structured settlement. This involves trading a cash settlement for long-term, tax-free income funded by an annuity. It's a smart choice and encouraged by the federal ...


Eureka Times Standard

You and the Law: Have a structured settlement with Pacific Life?
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Sage is the premier provider of comprehensive settlement solutions with more than 75 full-time settlement consultants serving claimants and their attorneys nationwide. In addition to providing traditional structured settlement annuities, Sage offers ...


JD Supra (press release)

Court Dismisses Claims Alleging Undisclosed Deductions from Structured Settlement Funds
JD Supra (press release)
The latest attempt to hold casualty carriers and annuity issuers liable for allegedly failing to disclose deductions from the amounts used to purchase structured settlement annuities for plaintiffs' benefit has been dismissed by the U.S. District Court ...


Business Wire (press release)

Wide Range of Presentations at Fasano Longevity Conference
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The afternoon sessions also included Wharton School research on the Impact of Medicare Reform on Longevity, James Atkins' Critique of Pricing in the Secondary Structured Settlement Market and an all-star panel presentation covering the Impact of New ...

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Legal Talk Network

Merrimack Valley Gas Explosions
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... and co-host, Joan Pagnano discuss pending litigation and next steps for the victims of this disaster with guest Patrick Haines, the managing attorney for Napoli Shkolnik PLLC. Visit Ringler to contact a consultant in your area about structured ...


Structures to separate from Integrated Financial Settlements (IFS)
PR Newswire (press release)
Structures provides cutting-edge settlement solutions and financial programs utilized in the settlement process by working with plaintiffs, contingency fee attorneys, defendants, casualty carriers, and self-insured entities through appointed structured ...

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Critical Review: Asta Funding (ASFI) & CPI Card Group (NASDAQ:PMTS)
Fairfield Current
The company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements, and GAR Disability Advocacy. The Consumer Receivables segment involved in the purchase, management, and servicing distressed ...

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Insurance – RICO – Fraudulent misrepresentation
Massachusetts Lawyers Weekly
Where the recipients of structured settlements claimed that insurance companies had unlawfully deducted commissions from the settlements, the plaintiffs failed to meet the RICO standard of showing that the defendants associated together for a common ...


Marketplace.org

Lottery decision — lump sum or 30 years of payouts?
Marketplace.org
Also, some businesses purchase annuitized payouts, such as ones set up in structured settlements, so going with option No. 2 may not be as final as it sounds. But overthinking things can take the fun out of lottery fantasizing. After all, just playing ...
Tax Bill - MarketplaceMarketplace

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