If you are a claimant in a tort suit for an injury and the payout is too high the defendant may offer you a structured settlement. This is a legal agreement between you, if you accept, and the defendant to pay you a certain sum of money over a period of time at regular intervals until the total amounts to a predetermined amount agreed by you and the defendant. Your lawyer may advise you to accept on the grounds that the courts may take a long time to decide the case and when they did decide the amount…
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How to Get Cash For Structured Settlement
February 19th, 2010 | Posted in General
A structured settlement is a legal agreement between a claimant and a defendant to settle a tort suit. A tort suit is filed by an injured party who claims damages for an injury, not necessarily physical, but an injury could be described as financial loss or mental unrest more commonly called tension or loss of mental peace.
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The Advantages of a Structured Settlement
February 19th, 2010 | Posted in General
As large claims are increasingly becoming prevalent, insurance companies are now looking for less expensive alternatives. Structure settlement is one cheaper alternative to huge lump sum payments. It is basically a package of upfront cash and a deferred payment of small installments running down to several years. This kind of legal agreement is generally given to accident victims if the defendant’s attorney strongly believes that the victim will most likely win the law suit.
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How to Settle a Big Accident Claim
November 21st, 2009 | Posted in General
