Jun 14, 2020 -
A structured settlement is a payment made to an injured person for an agreed upon period of time after which the payment is then distributed to the beneficiary. When a structured settlement is paid, the claimant receives monthly payments and it usually takes between ten and thirty years to make a structured settlement into a lump sum. Because structured settlements can last for many years, they are not taxable and are not subject to income tax either.
Unfortunately there are some court cases where a claimant receives less than what he or she is entitled to for their settlement. This is referred to as a 'statute of fraud' in the legal community. In such cases it is very important that you hire a lawyer who specializes in this type of case and who will fight your side of the fence aggressively so that you get your money.
In order to learn how to file a structured settlement lawsuit in the court of law, you will have to contact your local courts and have them send over a copy of the court ruling. You must then ask your lawyer to investigate the decision so that you know your rights. You may also want to consult with an expert in the field so that you know all about structured settlements and how to file a structured settlement lawsuit.
If you do win your structured settlement, you may have to pay out a portion of the settlement to the claimant if you cannot afford the rest of the payments. However, many people who receive structured settlements choose to pay only a percentage of their entire settlement in order to avoid having to pay out much of the money. Once you have decided what percentage you want to pay, you should immediately begin making the payments to the claimant so that he or she can continue to live your life without having to worry about money.
In addition to the financial aspects of receiving a structured settlement, you may also want to consider the fact that the court will be able to take into consideration the fact that the claimant received this type of settlement as a result of negligence on the part of the company that was paying him or her. If you win your structured settlement and are forced to repay part of the settlement because of a breach of contract on the part of the insurance company, you will be able to go forward and receive your fair share of the money. as long as you can prove that the defendant's negligence caused you to become ill and/injured.
You can learn how to file a structured settlement lawsuit in court as long as you act quickly and find a qualified lawyer who will defend your side of the fence and fight for your rights. If you decide to go this route, don't wait any longer.
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