A structured settlement is often times the result of a personal injury case. When a plaintiff settles for a large sum of money, the result is often times a settlement being paid in installments over the course of many years, as opposed to a single lump sum.
What is the schedule for a structured settlement? This is a detail that is worked out by the plaintiff, defendant, and their legal teams. For example, a structured settlement may be paid out once per year for several years. Or payments can be made once a month for a shorter period of time.
If you have a personal injury case, it is safe to say that you are your attorney are going to talk about the benefits of a structured settlement at some point in time. Consider both the pros and cons before making a decision for or against this.
Personal injury attorneys are all too familiar with structured settlements. If you have a case, the end result may be a structured settlement. There is nothing wrong with this payment method, as long as you are comfortable with the details.