Admin

login | register

How competitive are you at different Law Schools?

Enter your LSAT and GPA scores and find out!
GPA: out of 4.0
LSAT: out of 180

Student Resources

Personal Statement Editing
LSAT Prep
Law School Loans
Student Health Insurance
Law School Rankings
Law School Search
FREE Law School Outlines
Legal Forums arrow Legal Forums
Legal Forums
Welcome, Guest
Please Login or Register.    Lost Password?
Legal Forums Attorneys
Personal Injury and Accident Law (1 viewing) (1) Guest
Post a new message in "Personal Injury and Accident Law"
Name:
Subject:
topic icon:
no
Boardcode:
 Colour:  Size:   Close all tags
Message:

Emoticons
B) :( :) :laugh:
:cheer: ;) :P :angry:
:unsure: :ohmy: :huh: :dry:
:lol: :silly: :blink: :blush:
:kiss: :woohoo: :side: :S
More Smilies
 Enter code here   

Topic History of: PI settlement
Max. showing the last posts - (Last post first)
Author Message
Sumo A structured settlement is a general term that means that the proceeds of the settlement will be paid into a trust or other annuity vehicle that will pay the injured payments over a period of time, 5 years, 10 years, etc. The struture can be put together in any number of ways, its only limited by your imagination. The structure can allow the insurance company to make contributions over a certain period of time, making payment easier on them. The structure can include a reserve for minor children and pay a portion of the annuitized settlement proceeds to the minor when s/he attends college or some other mile stone. Its, in extremely basic terms, an annuity set up by the defendant to pay the plaintiff to make sure they do not burn through their settlement proceeds in a year or two and try to come back at them. At least that is one reason, not the only. The term is the same for all tort actions, and if you can think of a reason to have one, you would use the same term in business transaction actions. There just usually is not a need for one in commercial litigation, at least none I have come across or can think of. But, my response before was a general one, in response to a very broad question you asked. And, yes, in my humble opinion the considerations are generally the same in most kinds of personal injury actions.
francism In relation to the question what is a structured settlement? Is the term the same with any other tort action settlement? Does the settlement considerations same in all kinds of personal injuries?
Powered by FireBoardget the latest posts directly to your desktop
 

LegalNut Resources

Attorney jobs listings and sites with attorney salary information, attorney job search functions, and salaries by law firm.

Law school rankings show how competitive your lsat scores would be at top law schools in the US.

Law school admissions advice is available both at the LSAT forum and throughout the pre-law section, including LSAT prep options, law school personal statement help, LSAT score distributions and law school bar exam pass rates.

Polls

What did you score on the LSAT (anonymous)
 
How did you prep for the Dec. LSAT?
 
Copyright © 2006 - 2009 Rochester Ideas, LLC. All rights reserved.