What Is A Structured Settlement

What Is A Structured Settlement?

The Internal Revenue Code defines a “structured settlement” as a financial arrangement between two or more parties that most often stems from a personal injury lawsuit or claim.

The injury may be the result of anything from a car accident to medical malpractice, and the claim may have been settled in or out of court.

The settlement payments are usually issued by a registered insurance carrier rather than by the person or persons who were deemed by the court to be at fault.