Very often, it is in a 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 that often emergencies can arise, making you wish you had chosen to receive all of the money at once. If you enter into a structured settlement and later want all of the money, it will be very expensive for you. Most structured settlements are very secure. But you will first have to decide if you are likely to need all of the money in a lump sum at some time in the future.
Our experience with such considerations is great. We will certainly be able to give you advice on this subject if you request it.
For more information or to discuss your specific situation, call us.