Structured Settlement Awards
settlements are designed to cover long-term costs or to provide
extended benefits to the injured party over time.
As such and by their nature, structured settlements
are therefore typically spread out over many years or a lifetime.
issues at hand in any structured settlement are the costs of
any medical or home care that are necessary and general costs of
living and family needs. Depending
upon the nature of the injury, it could also include costs of
special equipment such as wheelchairs or equipping a vehicle with
special driving equipment.
Structured Settlement Broker
such cases, neither party has the ability to determine what kinds of
costs will be incurred. Being
able to forecast such costs not only means having an extensive
knowledge of medical costs, but being able to accurately predict
costs based on prognosis and increased costs of living over the term
of the structured settlement.
It is for this reason that one or both side will typically
bring in an expert structured settlement broker who does the
calculations and projections.
figures that the structured settlement broker comes up with
however, are just guesses. Nobody
knows for sure what the costs of home care, medical treatment or
devices, and other services will be in ten years let alone twenty.
Neither can any structured settlement broker know what
the costs are for drugs and/or treatments that have not yet been
invented or know for certain whether the victim may develop future
structured settlement brokers and the parties can then end up
with some hard figures to begin negotiations.
These discussions can happen before, during, or after a
can be informal and spend much time talking about fairness, or they
can be quite technical and require a great deal of information from
on Structured Settlements