After a plaintiff wins a lawsuit from an injury case, the defendant usually will propose paying the settlement in installments over time rather than in a single lump sum. The periodic payment made in this manner is called structured settlement payments. It is a financial arrangement made as a compensation for the damages done.
Receiving a structured settlement as a result of a lawsuit can provide and resolve the financial needs of the claimant in the course of his/her non-working days due to injuries or harm received. However, in today’s struggling economy, it is also deem important to get the most money possible from the periodic payment through selling, convert and receive a lump sum of cash to start anew, either to start being an entrepreneur or to finance other family obligations such as education or medication.
Most structured settlements are tax-free, as it can provide and help the claimant take care of the most pressing financial needs or settle his obligations for future needs. To ensure a legal lump sum buyout of the settlement it would be a good idea to consult a lawyer to help you seek a well-funded, established and reputable company buying and exchanging structured settlements to cash and obtain the highest payoff.