Structured Settlement Payout

Mar 17, 2010

You’ve seen the commercial: Men and women shouting out their windows, I need cash, and I need it now.It can be a little annoying, but so can waiting for money you get from a structured settlement. Bills can start to pile up, sometimes making you feel like you’re suffocating under the stress of mounting debt. It’s hard to understand what kind of pressure’s involved unless you’re going through a similar situation. Here’s what you need to know about structured settlement and how to get your money faster.

What is a Structured Settlement?

An agreement that is made between a plaintiff and the person admitting blame in a personal-injury or other type of negligence case is called a structured settlement. The amount owed by the defendant may be too expensive to pay at one time, so this agreement sets forth an annuity to the injured party.

Structured Settlement Payout 

There are generally two types of settlements can be paid out. Payouts can be either monthly or yearly, and they can be sent either to the injured person or a trust set up for this person, or directly deposited into the injured person’s bank account. Plaintiffs and Defendants aren’t limited to these options. Usually the two parties can come to a payout schedule that works well for them both. Most commonly, injured people opt for annuities that provide them payments throughout their lives.

What are your options?

You have several options for getting your settlement payout, including waiting each month or each year for your payment. This way can ensure you’ll have money for a long time to come and some tax benefits, but you won’t have the money to pay off the debt you have now.

Other options include selling all or part of your structured settlement to a company that buys them.

What if you can’t wait?

You do have options if you can’t wait. If you are having financial troubles because you’re waiting for your payout, you can turn to Lawsuit Hotline, a lawsuit funding firm that can help bridge the gap.
Lawsuit Hotline is experienced in helping relieve mounting stress resulting from your financial difficulties caused by a delay in your payment. The process is easy.