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

It is important to decide in each individual case how much of a personal injury recovery should be structured and how much should be lump sum. The instinct of many personal injury attorneys is to structure as much as possible to avoid having a plaintiff squander the funds. A better approach would be as follows:<\/p>\n

Identify immediate needs. A meeting of all interested parties should be held and the first step should be to identify the immediate cash needs of the plaintiff. Does he want to purchase a house, a vehicle, take a trip to Disney World, pay off debt, buy furniture, etc.? How much will all of this cost?<\/li>\n<\/ol>\n
1. Set aside an emergency fund<\/li>\n<\/ol>\n
  1. Determine the amount of the structured settlement<\/li>\n<\/ol>\n
    Sophisticated people start the discussion with allocating 50% to a lump sum and 50% to a structure, and then go up or down from there. Financial advisors (more…)<\/span><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
    by Thomas D. Begley, Jr., Esquire, CELA It is important to decide in each individual case how much of a personal injury recovery should be structured and how much should be lump sum. The instinct of many personal injury attorneys…<\/span><\/p>\n
    Read more ›<\/a><\/div>\n
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