Structured Settlements are Still a Very Good Option

April 4, 2012

Misc. Topics

The benefits of structuring a portion of your settlement even when interest rates are at historical lows can still be very significant. Your Structured Settlement payments are safe.  Insurance Companies that fund Structured Settlements are required by law to set aside reserves. Those reserves match dollar for dollar with the annuities that they write.

All Structured Settlement Insurance companies that we use are rated A+ or better. The future payments are guaranteed no matter what happens in the stock market. Payments can be custom designed to meet a claimant’s individual needs. All payments, including interest earned, are totally income tax free. Structures are the only investment that can provide lifetime tax-free payments. All payments are protected from attachment by creditors and structure rates of return are always better than CDs or bond rates.

Probate judges prefer structures for minors as the payments can be deferred to age of majority and then used for education purposes, or for other needs.  For seriously injured claimants with life expectancy impairments, structures can provide lifetime rates of return far greater than current market rates.  In these times when future income is so important, structures can provide monthly income as well as periodic lump sums to meet specific needs.

By law a tax-free structured settlement annuity is only available for claimants or their beneficiaries that have suffered a personal physical injury. However, structures can also be used for tax deferral on non-physical injury cases like wrongful termination, sexual harassment, racial and age discrimination, divorce funding of alimony and child support and worker’s compensation cases.

With the explosion of oil and gas leasing and drilling in our local area, structures may also be used to defer taxes on lease bonuses paid to property owners for leasing the mineral rights to their property. Land owners who have become multi-millionaires overnight can rely on a structured settlement to make guaranteed future payments to themselves and to their family on a tax deferred basis.

With the current low interest rate environment and the volatility in the stock markets, it would be wise to consider investing a portion of your settlement proceeds in to a safe, tax-free and custom designed structured settlement.

For additional information about structured settlements, please contact the Ohio law firm of Slater & Zurz LLP by calling 1-800-297-9191 or send a Blog Message.

This article was contributed by Rick W. Miller. Mr. Miller is President of Legal Structures and has been a settlement planner and structured settlement consultant for over 30 years. 

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About slaterzurz

Slater & Zurz LLP is an Ohio law firm of highly experienced and respected attorneys. Over the last 40 years, we have developed a reputation for getting positive results for clients. We've been trusted with handling over 20,000 personal injury cases and our clients have received more than $120,000,000.

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3 Comments on “Structured Settlements are Still a Very Good Option”

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