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Tuesday, July 19, 2011

STRUCTURED SETTLEMENTS - FAQs

STRUCTURED SETTLEMENTS

is allow you to receive tax-free personal injury settlement damages over a period of time
which you choose.


example:
mckellar
solidfunding
noendpress
olivebranchfunding
nssta
Robert Risk - Structured Settlements
jgwentworth
thirdworldgeek


These are examples of companies that offers  STRUCTURED SETTLEMENTS.

They offer financial or insurance arrangement, defined by Internal Revenue Code as periodic payments; 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 after a settlement for children affected by Thalidomide and became more popular in the United States during the 1970s as an alternative to lump sum settlements. Increasing popularity was also due to several rulings by the IRS and an increase in personal injury awards. Afterwards the IRS rulings changed policies such that if the requirements were met then claimants could have federal income tax waived.



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