structured settlement buyout

By: James Smith

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Saturday, 5-May-2012 08:53 Email | Share | Bookmark
All about the structured settlements

 
First of all let us try to understand what are the structured settlements and what does it means when we talk about to cash out the structured settlement. When a person files a legal case for compensation the lawyer of the defendant when feel that the case could go against their will, they apply for the structured settlements services.

It means that the defendant will not pay the claimant, a lump sum of cash and instead of giving the claimant, a huge amount of cash at once the defendant chooses to pay the amount in the form of periodic installments over the particular period of time. This is known as the structured settlement. It is known as structured settlements because payments are made according to a particular structure. Moreover it is also to be understood that the schedule of the payments is completely devised by the desire of both parties and under the supervision of the court.

It is also to be known that the defendants offer structured settlements to the plaintiffs because of three reasons. It could be a reason that the defendant might not pay the amount at once , the defendant might think that the court might decrease the amount that should be paid as compensation or if the amount of the structured settlement is to meet the claimant through the insurance company of the claimant. There are many financial and structured settlement companies which are offering their services regarding the matters of structured settlements and one should contact these companies in order to get proper information about his structured settlement.
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