Structured settlements are payment streams which are awarded to
those who settle a lawsuit. They are often an alternative to large
compensatory lump sums that typically do not offer long-term
financial stability. J.G. Wentworth is the nation’s top structured
settlement payment purchasing company. Our team has assisted
customers across the United States in selling over $8 billion in
Since the laws surrounding structured settlements tend to vary from
state-to-state, the specific rules, regulations, and tax
implications of a settlement can be different for everyone.
Do I Have a Structured Settlement?
You know that J.G. Wentworth is a company focused on purchasing
structured settlement payments, but let’s back up a bit.
How do you know if you have a structured settlement or not? While
structured settlements are an incredibly common form of payment
stream, some people don’t realize they have one despite collecting
regular payments from it.
More often than not, structured settlements are the result of a
lawsuit or claim in which you’ve been awarded compensation. Some of
the most common suits which can result in a structured settlement
- Medical Malpractice Settlements: One unfortunate, yet common form
of structured settlement is one that comes from a medical
malpractice lawsuit. If negligence, error, or omission in practice
resulted in the personal harm or death of a person and the case is
brought to court, the compensation could be awarded as a structured
settlement. In medical malpractice lawsuits, structured settlements
are particularly common if the sustained injury requires long-term
- Personal Injury Settlements: When a personal injury case is brought
to court, the plaintiff may settle the case with some form of
compensation for their medical bills, emotional harm, or other
related expenses. Often, they will agree to take payments over time
in the form of a structured settlement.
- Wrongful Death Settlements: If someone is tragically killed at the
fault of another person, the guilty party or their insurance
company may be required to pay compensation to the family of the
deceased. Again, depending on the specific circumstances of the
case, the family can often settle a case by agreeing to receive the
funds in the form of a structured settlement, which spreads
payments over a longer stretch of time.
While these are certainly not the only cases which result in a
structured settlement, if you receive periodic payments from a
similar claim, you might just have one of your own.