Which Kinds of Cases are Good Candidates for Structures?
Only cases involving personal physical injury qualify for tax-free future payments. Non-physical torts can be structured but are tax-deferred.
- Minors and Incompetents The security and favorable economics inherent to structures help protect these most vulnerable of claimants and help settlement fiduciaries meet their fiduciary obligations. Built-in spendthrift provisions help protect recoveries from irresponsible or inexperienced custodians. For those heading to college, structures are an excellent way to fund tuition expenses.
- Impaired Future Earnings Use a structure to supplement or replace future lost wages.
- Future Medical Care Establish income to meet expected medical expenses.
- Retirement Establish or supplement retirement plans on an even more favorable basis than is available through conventional retirement plans. (A plan funded by a structured settlement for personal physical injury is tax-free rather than merely tax-deferred.)
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