Personal Injury Structured Settlement in Cherry Hill, Fort Lee, Hackensack, Jersey City, Roseland, and the Surrounding Areas

You got injured in an accident in Cherry Hill, Fort Lee, Hackensack, Jersey City, Roseland, or the surrounding areas and your court case are finally coming to a close. A personal injury structured settlement is what is proposed for your case, and when you speak with our team at Settlement Funding Associates we can help advise you on this settlement. Often those who must pay these personal injury settlements would prefer to spread out the payments to you over time rather than come up with a large lump sum today. Call us today to learn more.

Making Your Structured Settlement Work For You

Patient with Broken Arm with Doctor and Nurse After a Personal Injury Structured Settlement in Cherry Hill, Fort Lee, Hackensack, Jersey City, RoselandWhen you have a personal injury structured settlement, it is important that you understand that before it is set in stone, there is some flexibility that you can look at exploiting to help make it work well for your situation. One option that you may look at is having a higher initial payment followed by lower follow-up payments. This is great if you have a lot of things to pay right now, but also want to have a flow of funds coming in for some time in the future.

You may instead want to look at increasing or decreasing payments over time. Some people want to have these payments increase as time goes on as a way to counter inflation. Others may want to have a decreasing payment structure as time goes on. Again, this is all about making a personal injury structured settlement that works for you. You may also agree to have your structured settlement be moved into an annuity so that the defendant doesn’t have to remember to send you payments and it will remove that obligation from their books.

How Will You Use Your Settlement Money

It is important that when you have a personal injury structured settlement option you understand what you want to do with the money. You may need it to pay bills and get caught back up financially. Other options might be that you want to donate some money to a charity, or you may be using it as a means to supplement your income for a period of time. Whatever you plan to use the money for can impact how you want the settlement structured. Hundreds of clients all over Cherry Hill, Fort Lee, Hackensack, Jersey City, Roseland, and the surrounding areas have worked with Settlement Funding Associates to get the right aspects to their personal injury structured settlement. Give us a call today to learn more.