Structured Settlement Annuity, Claim Settlement, Attorney Fee Structured Settlement, and Structured Settlement Payout

Claim Settlement and Structured Settlement Payout Recipient in Cherry Hill, NJ Have you gotten a large award in a court case? For many people in such a situation, going with a structured settlement payout or claim settlement offers the opportunity to get your money in a planned way that can benefit you for many years in the future. Our team at Settlement Funding Associates has worked with a wide range of structured settlements over the years, and we can help explain the process and the impacts on you.

These structured settlements include:

Medical Malpractice Structured Settlement
Personal Injury Structured Settlement
Workers Compensation Structured Settlements
Wrongful Death Structured Settlements
And more

You may even be able to set up payments for attorneys with a structured settlement annuity. Contact us today to learn more about all of your options.

Structured Settlements

Many people ask what a structured settlement is. A structured settlement is a stream of payments issued to a claimant after litigation or a court case. This structured settlement is designed to pay for damages or injuries and spreads that lump sum over a number of months or years. One important aspect that many people ask is if these payments are treated as income tax. They are not and recipients will have tax-free future payments to look forward to. There are times when you would rather than a lump sum instead of the future payments, and it is possible to sell your structured settlement, though you likely won’t receive as much by doing so.

Non-Qualified Annuity and Attorney Fee Structured Settlements

There are some times when taxes will be applied to a structured settlement, this case type is commonly referred to as a non qualified annuity. Taxes are only due on the portion that is received in a given year. Claim types that are non-qualified annuities include employment litigation such as wrongful termination; punitive damages awarded; environmental claims; and several others.

Another interesting option with structured settlements is that plaintiff attorneys with a contingency fee agreement have an opportunity at settlement to defer income taxes on their fee by using an attorney fee structured settlement. Attorneys may choose to do this for a number of reasons, such as making retirement income once they end their career as an attorney, providing for a more stable income in future years, and added return on investment with compounding on a pre-tax basis, and many other reasons. This can happen whether the plaintiff chooses to structure their settlement or not. People from all walks of life deal with structured settlements and our team at Settlement Funding Associates can help make sense of it all. Contact us today to learn more.