California Verification (Commutation Of Future Payments) is a process by which a lump-sum payment is made in lieu of a series of payments in the future. This process is typically used in legal settlements, where the defendant agrees to pay a certain amount of money to settle a claim. The settlement amount is then paid out in a single, lump-sum payment as opposed to a series of smaller payments over a period of time. There are two types of California Verification (Commutation Of Future Payments): (1) voluntary, where both parties agree to the terms of the settlement and the commutation of future payments; and (2) involuntary, where the court orders the parties to enter into a settlement agreement and the commutation of future payments. Both types of California Verification (Commutation Of Future Payments) require the parties to enter into a written agreement outlining the terms of the settlement, including the total amount to be paid and the date it is to be paid.