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The judge can choose from the option of cash, annuity , or a combination thereof. If lump sum cash is the option for payment, the judge will usually require the settlement proceeds be restricted in a bank account until the legal age.

There is, fortunately, a better alternative than the restricted lump sum cash account. This form of payment is most preferred by judges. This is the structured settlement annuity for minors.

Why is it preferred? A structured settlement annuity can be very beneficial for the minor recipient. It can address several issues that parents or guardians face for their child's best interest in the long run.

These annuities provide guaranteed payments that are in fact exempt from taxes. It can actually provide guaranteed payments to fund college tuition and post-graduate expenses as well. Structured annuities are also a form to get away with expensive account supervision over the years and the complexities for annual administrative filings.

The federal government now recognizes structured settlements as a great alternative to lump sum payment. This is parallel to their effort in assisting the minor child in having some form of control over the financial gain from a third party lawsuit.

It is with the structured settlement that the plaintiff, who is a minor child, and the defendant can agree the settlement dollar value and how those dollars are applied over the years.

When establishing the structured settlement specifically for the minor recipients in a personal injury case, the settlement payments are created with the purpose of meeting the health care needs of the child in the future.

Structured settlement payments established for minors will not only provide for monthly annuity payment of the recipient but will also let for a specific allotment of monies to the benefit expense payments like for education purposes. In addition, it is common to include provisions for lump sump payments at specific life events like high school graduation.

For the benefit of the minor, the settlement payments are spent on the service for which they are designed for. This prevents the spending on other expenses outside the terms of the settlement agreement which parents or legal guardians may be tempted to do. This usually happened in the past without much regulation or with lump sum payments.

The judge can choose from the option of cash, annuity , or a combination thereof. If lump sum cash is the option for payment, the judge will usually require the settlement proceeds be restricted in a bank account until the legal age.

There is, fortunately, a better alternative than the restricted lump sum cash account. This form of payment is most preferred by judges. This is the structured settlement annuity for minors.

Why is it preferred? A structured settlement annuity can be very beneficial for the minor recipient. It can address several issues that parents or guardians face for their child's best interest in the long run.

These annuities provide guaranteed payments that are in fact exempt from taxes. It can actually provide guaranteed payments to fund college tuition and post-graduate expenses as well. Structured annuities are also a form to get away with expensive account supervision over the years and the complexities for annual administrative filings.

The federal government now recognizes structured settlements as a great alternative to lump sum payment. This is parallel to their effort in assisting the minor child in having some form of control over the financial gain from a third party lawsuit.

It is with the structured settlement that the plaintiff, who is a minor child, and the defendant can agree the settlement dollar value and how those dollars are applied over the years.


When establishing the structured settlement specifically for the minor recipients in a personal injury case, the settlement payments are created with the purpose of meeting the health care needs of the child in the future.

Structured settlement payments established for minors will not only provide for monthly annuity payment of the recipient but will also let for a specific allotment of monies to the benefit expense payments like for education purposes. In addition, it is common to include provisions for lump sump payments at specific life events like high school graduation.

For the benefit of the minor, the settlement payments are spent on the service for which they are designed for. This prevents the spending on other expenses outside the terms of the settlement agreement which parents or legal guardians may be tempted to do. This usually happened in the past without much regulation or with lump sum payments.

In the case where you suffer long term handicaps that might disable you permanently, it is also advised to keep a Louisville personal injury attorney. Serious neck and spine injuries either with or without paralysis, nerve impairment or even seizures that result from an injury sustained in an accident are all examples of situations where a counsel should be preserved. When serious injuries like the ones mentioned above are encountered, there could be a possibility that one would no longer be physical able to work for their family's needs but with the help of a Louisville personal injury lawyer , one can be able to finance their family's needs through a compensation rather than become a burden from the accident.


Accidents and injuries in an industrialized setting are grave enough to warrant the necessity of having a Kentucky personal injury lawyer hired. Extreme exposure to harmful chemicals such as asbestos can affect your health and even reduce your life expectancy. It is illegal to have minimal air flow when working around toxins, but it is still very common in most workplaces. The injuries may be due to improper safety control of the management or faulty equipment that can cause people to be in risk of danger.


Another instance where a Kentucky personal injury attorney should be hired is during a case of medical malpractice. Errors can sometimes occur in the health care setting, especially around medications most of which results to minor discomfort, but in the event that it occurs because of casualness in the part of the health care provider, then you are entitled to have settlement. The best way ensure justice on your part is to have a kentucky product liability attorney that is skilled in the medical field to go face-to-face with the aggressive insurance attorneys that are kept by doctors and hospitals.


Injuries sustained from a fall may sound funny but it can sometimes cause a person a great deal of pain. In the event that a leaky roof is the cause that you slipped on wet floor, most retailers are more than willing to settle with you for damages sustained just to cover up their blunder and avoid public humiliation due to ignored upkeep issues. A kentucky wrongful death attorney is always there to help you if ever you have suffered an injury. You will find a wide array of attorneys who specialize in different areas. About the Author