by Thomas D. Begley, Jr., Esquire, CELA<\/p>\n

Advantages of Structured Settlements<\/em><\/strong><\/p>\n

There are a number of potential benefits to an injured plaintiff in utilizing a structured settlement:<\/p>\n

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Fiscal Restraint.<\/em> The structured settlement prevents the injured plaintiff from squandering the settlement. Many clients receiving personal injury settlements have never had money, have never learned financial discipline, and tend squander the funds in a short period of time.<\/li>\n<\/ul>\n
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Tax-Free Income.<\/em> Income from the Structured Settlement is income tax-free, if it is for a physical illness or sickness.<\/li>\n<\/ul>\n
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Lifetime Income.<\/em> A lifetime payment structure can provide lifetime income to the plaintiff. Alternatively, a structure can be for a period of years or can pay out nothing until the plaintiff reaches age 18, and then begin payments over a period of time or a lifetime. A structure can be designed to pay out monies at periodic intervals for payment for college tuition or purchase of a home.<\/li>\n<\/ul>\n
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Creditor Protection.<\/em> The structure (more…)<\/span><\/a><\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
by Thomas D. Begley, Jr., Esquire, CELA Advantages of Structured Settlements There are a number of potential benefits to an injured plaintiff in utilizing a structured settlement: Fiscal Restraint. The structured settlement prevents the injured plaintiff from squandering the settlement.…<\/span><\/p>\n
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