You need someone to buy structured settlements in order to off-load yours and get a lump sum in return. A structured settlement is a financial or insurance arrangement where someone who has been awarded a settlement or sum of money in order to make recompense for some sort of wrong doing and often you can buy structured settlements as investment opportunities. This can be done as the result of an injury or any other damage to person or property. Structured settlements were started back in the 1970’s as an alternative to making large sum settlement payments. Structured settlements are now a part of the statutory law of several countries including; Australia, Canada, England and the United States. Although there are some similarities between the different countries laws, the general structure is the same. Settlements usually include income tax and spendthrift requirements as well as other named benefits. Settlements are also referred to as ‘periodic payments.’ A settlement that is included into a trial judgment is called a ‘periodic payment judgment.’
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