Very often, it is in the client’s best interest not to receive a lump sum settlement. We will discuss the terms of your settlement with you and give you special advice related to the best way for you to receive your settlement.
Insurers offer structured settlements which is a way of receiving your settlement in monthly or annual payments. The problem with such settlements is often emergencies can arise and you wish you had chosen to receive all of the money at once. If you entered into a structured settlement and later want all of the money, it will be very expensive for you.