It is becoming more common in the settlement of large personal injury cases for the settlement to “be structured”. A structured settlement establishes a program whereby the injured person receives a regular predictable series of payments over a period of years instead of a lump sum payment.
These payments can be set up in a manner as to compensate the injury victim over the course of his or her life. Under certain circumstances, the payments from a structured settlement can be paid as an annuity which is placed into a Supplemental Needs Trust. This allows the injured individual to qualify for public benefits such as Medicaid.
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