A structured settlement is a special planning tool that allows people receiving personal injury settlements to use part of their settlement right away, while receiving the rest of the money in payments spread out over a certain number of years. These payments are guaranteed, tax-free income, and the payment plan can be set up in a specific way that meets your individual needs – such as a certain amount of income each year, or a particular number of years that you’d like to receive payments.
If you’re interested in a structured settlement, you should contact a structured settlement organization and set up an account.