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Structured settlements can save you on taxes versus a lump sum, and for many people work as a form of income or annuity every year. Structured settlements can work in many instances. But they may be less than advantageous in others.

Initial Settlement Statement means the first iteration of a settlement statement issued for a particular operating day.

A major drawback of a structured settlement is that it may jeopardize the beneficiary's eligibility for public benefits, which may be particularly problematic when the person's medical needs are covered by Medicaid rather than private health insurance.

Related Definitions Initial Settlement Payment means the payment of a sum certain required to be made by the Borrower to F-K in accordance with Paragraph 14 of the Settlement Agreement.

When there is a settlement, parties save money on attorneys' fees. The parties can also put to rest the emotional anguish and stress of being in the midst of a divorce or family law matter.

A Good Settlement OfferWhether the case settles at the top or bottom of the acceptable dollars found reasonable for the injuries involved depends on many factors. One of those factors is the ability to prove liability on the part of the defendant who is offering to settle the case.

Here are some of the advantages of a structured settlement.Cost of living adjustments. A structured settlement can be set up with the cost of living fluctuation in mind.Money management.Minimal taxes.Market safety.Possible interest.Customizable.Safe from outsiders.