What is a structured or installment settlement?

A structured settlement is one way injury settlements are paid. The payments are made in uniform amounts over a specified period of time. The victim receives regular payments, over a few years up to throughout their life, depending on how much the settlement amount was and how long the settlement contract is. Many people choose a structured settlement in order to reduce any tax liability that may be associated with the funds.

Eric K. Washburn
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Personal Injury & Wrongful Death Lawyer Serving Va Beach, Norfolk, Chesapeake & all of Virginia