Structured Settlements in 2021 – What you need to know...

If you've been involved in a workplace accident that caused an injury affecting your life, you might end up negotiating a structured settlement. It's vital to get the compensation you deserve. Don't just accept the first thing that's offered to you. Let's look at what structured settlements are and the potential payouts you can receive from a lawsuit.

Structured Settlement vs. Lump Sum

If you've been injured, you must seek compensation for medical expenses, loss of wages, and other unexpected costs. Ensure that you negotiate the amount of your structured settlement to provide for yourself and your family. In most cases, employers want to settle the situation so that the lawsuit is dropped. You'll need to research the types of structured settlements available and decide which suits your needs and lifestyle. A structured settlement consists of monthly payments for a pre-agreed time. You may also be offered a lump sum, which will allow you to pay off any urgent expense that arose after the accident.

Structured Settlement Solutions

The amount received and the terms of the settlement will be calculated by a qualified assignee. In some cases, monthly payouts won't be equal. You may obtain a larger payment at certain predetermined times. Once all parties have agreed on a structured settlement, the money will be used to purchase an annuity. In most cases, a structured settlement will offer better long-term financial security than a lump sum. An annuity can also earn interest to help protect its value from inflation. You can also choose to sell your structured settlement in the future if you need money for something specific such as to buy a house.

Understand Your Options

It's essential to understand your options when looking at structured settlements as financial tools. If you'd like more information or need advice about how you could renegotiate your structured settlement. There are options that can help you get through current financial struggles, contact Black Square Financial today - A+ Rated by BBB. Our experienced team will help you find structured settlement solutions. We'll build a personalized solution that will meet your financial needs.


The team can be reached at 1 (866) 356-5165