What is a Structured Settlement? | How do i Find my Structured Settlement? | techi villa
A structured settlement is a financial agreement or arrangement reached between the parties involved in a lawsuit or legal dispute. It typically occurs in personal injury or liability cases where the injured party is awarded compensation. Instead of receiving a lump sum payment, the settlement is structured to provide periodic payments over a specified period of time, often in the form of an annuity. This method ensures a more stable and predictable income stream for the recipient, as well as potential tax advantages. Structured settlements are often overseen by a third-party company to administer and distribute the payments.
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