When you're in a lawsuit up against a large company
As the payment of cash was adopted in structured settlement payments, both parties have found some peace through structured settlement annuity . The defendant may easily pay the lump sum amount in divisions of it and the claimant is also sure that he/she will definitely get the amount promised. These include all the periodic payments that you receive to drop the charges on the defendant. This legal process has been around since the 70's and the first few instances of accepting cash for structured settlement evolved in countries like the USA and Canada.
If you are an injured party up against a defendant, you finally have to come to a settlement that both the parties are ready to agree. You will be required to drop the charges on the defendant, for which you will be compensated including the injury caused. This is a sensible and safe way to settle your differences with the defendant. You also need not worry on the capability of the company to pay the lump sum amount as the company is only required to do so in smaller divisions of cash. This option is the comparatively more opted for due its characteristic features that satisfy both the parties.
Hence if you are in a legal battle and are confused on what type of settlement to opt for, then rest assured that the structured settlement annuity is a safe and promising process. But be sure to talk to your legal advisor before you take any step towards or away from this situation. One wrong move might nullify your chances of getting your settlement .
