What Is A Structured Settlement?

A structured settlement is a when court-awarded compensation is paid over a set number of installments instead of a lump-sum. Structured settlements are often set up for personal injury and malpractice awards and each is unique depending on the case and the needs of the plaintiff. These settlement payments can be set up to be paid over months, years, or even decades. Structured settlements are set up for the long-term benefit of the plaintiff and selling all or part of a structured settlement should be done only after careful evaluation.