Structured Settlement Payments, Attorney Fee Structured Settlement, Tax-Free Future Payments, and Structured Settlement Annuity
Structured settlement payouts often seem like a punishment or that you aren’t getting everything you are owed, but this isn’t the case. As you’ll find when you talk with our team at Settlement Funding Associates, structured settlements are common and will result in you getting everything that you should be getting. There are a variety of structured settlements out there, including:
- Medical Malpractice Structured Settlement
- Personal Injury Structured Settlement
- Workers Compensation Structured Settlements
- Wrongful Death Structured Settlements
- Claim Settlement
- And more
Contact us today so that we can help demystify the structured settlement options and answer all of the questions you may have.
Typically when you hear about a structured settlement annuity you are hearing about an aspect of how a court case will be paid out. Essentially a structured settlement is like an annuity that will pay out a specific sum every month or year for a given number of months or years. Often these structured settlements are like setting up tax-free future payments to the plaintiff as they are not usually taxed as income.
And many times these structured settlements are also earning some interest over the years during the payment years, and this is also tax-free. Recipients of a structured settlement are definitely getting everything that they are owed from a legal judgment and it often is helpful with annual budgeting for the recipient as well.
Attorney Fee Structured Settlement and Structured Settlement Payout
When it comes to dealing with the structured settlement payout, there are several things to be aware of. First is that you only have one chance to opt for a structured settlement with your case, either before the case is resolved or at the time of resolution. Within a structured settlement you may end up with a period certain annuity, where you get equal payments for a guaranteed period of time, or you might opt for a guaranteed lump sum payment which will provide you with a single payment on a specific date. There are plenty of options, these are just a couple that you may encounter.
Even attorney payments can be received by them as an attorney fee structured settlement. This can happen when an attorney has a contingency fee agreement with their fees. If the plaintiff’s attorney wins the case, they can opt for their payment to happen in a structured settlement to provide them with a steady stream of income over a period of time. No matter what situation you might find yourself, our team of experts at Settlement Funding Associates can help explain all of the details.