Structured settlements are a great choice for victims of personal injuries. They offer numerous tax benefits as well as flexibility that provide victims continued security and peace of mind.<\/p>\n
Structured settlements are often utilized in personal injury cases as a means of compensating the victim for his or her personal injuries. Unlike a lump sum payment, which entitles the victim to the entire sum of his or her settlement upfront, a structured settlement is an agreement that guarantees the defendant or the defendant\u2019s insurance company will make periodic payments to the victim over a set period of time.<\/p>\n
Many victims of a personal injury accident choose structured settlements because of the tax advantages they provide. In a structured settlement, the principal and any interest gained from it are tax-free. This is not the case with lump sum payments, as they only offer victims a tax-free principal. Any earnings or interest on a lump (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Structured settlements are a great choice for victims of personal injuries. They offer numerous tax benefits as well as flexibility that provide victims continued security and peace of mind. Structured settlements are often utilized in personal injury cases as a…<\/span><\/p>\n