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The Right Structured Settlement Company

Posted by Charles | January 21, 2008 .

structured settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation. Structured settlements were first utilized in Canada and the United States during the 1970s as an alternative to lump sum settlements.

Structured settlements are now part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. Although some uniformity exists, each of these countries has its own definitions, rules and standards for structured settlements. Structured settlements may include income tax and spendthrift requirements as well as benefits. Structured settlement payments are sometimes called “periodic payments.” A structured settlement incorporated into a trial judgment is called a “periodic payment judgment.”

Settlement Capital Corporation (SCC), a structured settlement company  and its affiliates are financial service and investment companies dedicated to providing liquidity and structured settlement lump sum payment to owners and holders of periodic payment contracts, structured settlements stemming from legal judgments, lottery winnings, annuities, royalties, government and commercial contracts and other secured future payment obligations.

A good structured settlement broker such as provided by SCC will execute several responsibilities such as a financial analysis for the plaintiff, derive the present value cost based on that analysis, interact with Medicaid and SSI if required, mediate during negotiations, and offer tax-planning advice to the plaintiff. A broker works with the plaintiff or his attorney and negotiates a suitable agreement. Alternately, the broker can be the middleman when an individual decides to sell a structured settlement.

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1 Comment so far
  1. DR Setia  July 7, 2009 1:20 am

    thanks..your information really helpful

    Regards,

    Sell Structured Settlement Guide

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