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There are several advantages in setting up structured settlements. It is easy to verify that the total amount will be paid in the long run because it is often set up in the annuity account. Annuity is a type of life insurance In addition, defendants are likely to be less than the amount paid each pay period over the amount to be paid all at once. The duration of a structured settlement as part of the negotiations between the plaintiff and the defendant. Time payment settlement can be set in any way. Some options each month, two months, weekly, biweekly or per year. The use of structured settlement may also prove an advantage with respect to tax payments. Because the amount is small, they are not taxed as much as a large sum. Sometimes in money structured settlement are completely tax-free With other financial incentives to choose the settlement of the structure rather than a lump sum settlement.
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