Yes—Structured settlements also provide long term security and stability for the care of minors or permanently disabled persons, and they prevent plaintiffs from otherwise squandering payments that may be needed over the long term. By stretching out the payments over time as an annuity stream, it ensures that future payments are forthcoming. In this way it somewhat mimics a delayed distribution under a trust.
Are there non-tax benefits to a structured settlement? was last modified: April 16th, 2019 by David Klasing