Structured settlements are a way to spread out your settlement money in scheduled payments of predetermined amounts. That way, you can rely on a steady stream of money, rather than receiving one large lump sum that you then have to manage. What’s more, your settlement payments will be exempt from state and federal taxation.
Structured settlements are ideal for people who want or need recurring payments that they can use for things such as covering their living expenses, paying for long-term medical care, or supporting their families.