What is a structured settlement?

A structured settlement is a form of a financial settlement that a court orders a defendant to pay to a plaintiff in a personal injury case. The court orders the defendant to pay an agreed-upon sum of money in the form of a structured settlement which involves paying out a certain amount of money periodically over a set period of time, rather than lump sum. This type of settlement is often used in Texas accident law as it allows the plaintiff to receive a steady stream of income in order to cover medical costs and other expenses associated with their injury. Structured settlements are often seen as more beneficial for the plaintiff than a lump sum payment, as it provides them with a guaranteed source of income in the future for repairs, treatments, and the cost of living. In some cases, the structured settlement can also be set up to provide additional payments when the plaintiff reaches certain milestones or achieves specific goals. Structured settlements in Texas accident law are a common way for victims of personal injury cases to receive the financial compensation they deserve, without having to worry about how they will pay for medical bills or living expenses.

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