Litigation

Structured Settlements in Canada

By David Austin and Barry Goldberg

I recently read an article about structured settlements in Canada.  These are not limited to the United States.

An injured plaintiff who has proved his or her case may choose to settle out of court and be paid in a lump sum or through a structured settlement.

With a lump sum, you get all your money up front. A structured settlement, on the other hand, is an agreement to make periodic payments over a number of years.

...

Structured settlements, which have been around in Canada since the late 1970s, are worth considering if the amount of the settlement is more than $100,000.

They are recommended in most infant and serious personal injury cases, and may be appropriate if you have future care needs, or if you're unable to work and earn a living or as much as you did before the accident.

Full post as published by Cash Flow Solutions Blog on June 05, 2008 (boomark / email).