Structured settlements are not appropriate in every case. A simple accident where the injured party is and will be fully capable, cases where the term of the treatment or care is not spread out over a long period, and where the kind of injuries are not severe would probably not have a structured settlement option.
Structured settlements are designed for many other types of cases though including:
Severe injury where there is long-term treatment requirements, where future medical costs will necessarily be incurred, and to meet living and family expenses.
Worker’s compensation cases where the injured party may not be able to work or at least work to the earning capacity that they would otherwise have enjoyed.
Permanent or temporary disabilities that will take extensive recovery time
Wrongful death cases where a surviving family will need a regular income to replace that of the lost spouse/parent
Guardianship cases where there are minor children or another person who is judged to be incompetent such as a person with psychological, emotional, or mental handicaps
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