What is Structured Settlement or Structural Settlement ?
IT'S JUST SIMPLE LET'S DEFINE –
A structured settlement is an insurance arrangement in which those person who agree to sign the agreement of insurance of anything such as:- life insurance, home insurance, car insurance , bike insurance…etc then in future it help us to prevent from future risks and secure our future life. let's take a example of car insurance if the car is damage in car accident then the car is replaced or we get new car.
IT'S JUST SIMPLE LET'S DEFINE –
A structured settlement is an insurance arrangement in which those person who agree to sign the agreement of insurance of anything such as:- life insurance, home insurance, car insurance , bike insurance…etc then in future it help us to prevent from future risks and secure our future life. let's take a example of car insurance if the car is damage in car accident then the car is replaced or we get new car.
- It is your money , they will give periodic payment judgement . So hurry up use your money now and Cash in your structured settlement. As we listen everywhere in the world mostly we know the term structured settlements are about taxes.
- Structured settlements have become part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. Structured settlements may include income tax and spendthrift requirements as well as benefits and are considered to be an asset-backed security.
- Structured settlement payments are sometimes called periodic payments and when incorporated into a trial judgment is called a "periodic payment judgment." Congress adopted special tax rules in Public Law 97-473, the Periodic Payment Settlement Tax Act of 1982 to encourage the use of structured settlements to provide long-term financial security to seriously injured victims and their families.
- These structured settlement rules, as codified in sections 104(a)(2) and 130 of the Internal Revenue Code of 1986, 26 U.S.C. 104(a)(2) and 130, have been in place working effectively since then. In the Taxpayer Relief Act of 1997, Congress extended the structured settlements to worker's compensation to cover physical injuries suffered in the workplace. The full amount of the periodic payments constitutes tax-free damages to the victim. it is called by structure settlement .
ENJOY YOUR TENSION FREE LIFE WITH STRUCTURED SETTLEMENTS
ADVANTAGES OF STRUCTURED SETTLEMENTS
- Guaranteed payments from the annuities purchased to fund your structured settlement
- 100% lifetime exclusion from income, dividend and capital gains taxes
- We have a unique opportunity to receive payments through structured settlement.
- It's is the best way to manage your money with structured settlements.
- & also the best way to manage settlement dollars and earned interest come to you tax free.
- Customized planning with trained consultants to meet both immediate and future financial obligations
- No risk of losing money on market-vulnerable investments or from poor financial management
- Eligibility maintained for federal and private health care plans
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