In what types of cases can a Structured Settlement be used?
The traditional tax-free structured settlement can be used in any case resulting in physical injury or sickness to the claimant/plaintiff as a result of a tort action. It can also be used in wrongful death actions, where surviving family members are involved in litigation. In most states, traditional structured settlements can also be used in Worker’s Compensation cases; however, the use of Qualified Assignments needs to be evaluated on a case-by-case basis due to specific state and federal regulations. Cases involving minors should always consider the use of a structured settlement, as it provides payments to coincide with important life events such as college, the need to purchase reliable transportation, a home and start a family. An increasing number of Non-Qualified Structured Settlements are being used in cases such as property damage, environmental clean-ups, employment cases, real estate and business transactions, and other litigated matters. The tax implications for these matt
