Structured settlements - information for injured people

Who should consider a structured settlement?

If you have a severe personal injury because of the fault of someone else, you may be able to make a claim against that person or their insurer for compensation. A lawyer can advise you whether or not you have a valid claim.

You may be entitled to receive your compensation in the form of a lump sum or a structured settlement.

You can arrange to receive your compensation in the form of a structured settlement only in certain types of cases and only if your compensation is sufficiently large.

You can only enter into a structured settlement if the lump sum compensation payment that you would be awarded if your case was decided by a court would be a tax-free capital payment.

Also note, structured settlements are not available for workers' compensation type claims.