Structured Settlement

A Structured settlement is a financial or insurance arrangement,including periodic payments,that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation. Structured settlement were first utilized in Canada and the United State during the 1970s as alternative to lump sum settlements.Structured settlement are now part of the statutory tort law of several common law countries.Although some uniformity exists,each of this country has its own definitions,rules and standards for structured settlement.Structured settlement may include income tax and spendthrift requirements as well as benefits.

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