For injured parties, choosing how to accept their settlement proceeds can be one of the biggest decisions of their lives. Unscrupulous friends and relatives ask for “loans” that will never be repaid. The claimant may decide that now is the perfect time to start dabbling in the stock market, go on a spending spree or invest in a “get rich quick” scheme.

The outcomes are rarely good. The risk of blowing a lump sum payout is very real.

A Dose of Reality. It’s important to keep accident victims grounded when discussing strategies for their settlement proceeds. One strategy is to place settlement funds in a structured settlement annuity–a stable, no frills option. Money grows within the annuity and the disbursements are guaranteed and tax-exempt. Structured settlements focus on ensuring that money is always available for day-to-day living expenses and projected large purchases or long-term expenses.

The sooner claimants learn about their structured settlement options the better—ideally before settlement negotiations begin. An early start enables them to see a safe and secure future with guaranteed payouts without worry about the ups and downs of the stock market or the next economic crisis.

A structured settlement broker can run the numbers using different scenarios to see if a customized structured settlement makes sense. Structured settlements aren’t just for big settlements. Just about all settlements can be structured. Most are in the $50,000 to $100,000 range.

For questions about structuring a settlement, please feel to contact me.


Show Me The Money!
I’ll be on a panel at the CAALA 39th Annual Convention in Las Vegas speaking on the topic above. The panel’s theme is ”Show Me the Money!” We Have It, Now What? Post-Trial and Post Settlement Procedures.” We’ll be presenting on Saturday, September 4. I hope you can stop by. >> Info Here