When are Structured Settlements Used? |
Structured settlements are designed for many other types of cases though including:
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- Severe injury where there is long-term treatment requirements, where future medical costs will necessarily be incurred, and to meet living and family expenses.
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- Worker’s compensation cases where the injured party may not be able to work or at least work to the earning capacity that they would otherwise have enjoyed.
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- Permanent or temporary disabilities that will take extensive recovery time
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- Wrongful death cases where a surviving family will need a regular income to replace that of the lost spouse/parent
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- Guardianship cases where there are minor children or another person who is judged to be incompetent such as a person with psychological, emotional, or mental handicaps
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