Given a diverse range of investment options, it might appear that there is no need for a structured settlement. But, its importance can be felt immediately after one considers that what actually it is all about. It is a payment deal reached by you and the payee in the aftermath of a serious issue. This settlement holds to be an effective means of protecting oneself from protecting the claimant's charges. Even courts too favor structured settlements as it saves valuable time of the claimant and allows the defendant to deal the whole matter in an amicable manner. Recent irregularities in this kind of settlement have made courts to intervene while a deal is being realized.
Protection
A structured settlement is not just a means of payment but also a legal document that can be considered by a claimant to sue the payee in case of any disputes. This is where it differs from a conventional mode of payment like insurance policy or annuity. It guarantees payment to the policy holder on a regular basis. However, there is also an option to receive the amount in lump sum. However, both the parties should agree to this form of payment first in order to realize the deal. Settlement in the form of installments will be beneficial for both payer and payee as there are minimum complications involved.
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r. Recent irregularities in this kind of settlement have made courts to intervene while a deal is being realized. sell settlements
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