ATTENTION: Law Offices of Samer Habbas & Associates is fully-operational during the COVID-19 global pandemic. We continue to handle cases and operate business as usual, in accordance with mandated safety guidelines.

X

TAGS

Abuse Accident Accident attorney Accident attorneys accident injury Accident Tax accidents Amusement Park Accident attorney Auto Accident Auto Accidents auto insurance Auto Recalls Auto Settlement Automobile Accident bicycle accident bicycle accident attorneys Bicycle Accident Lawyer Bicycle Accidents Boat Accidents Brain Injuries Brain Injury brain injury accident brain injury attorney breaking Burn Injury Burn Injury Claim Bus Accident Cab Accident Car Accident car accident attorney car accident attorneys car accident injury Car Accident Lawyer car accidents Car Insurance Car Insurance Policies Case Results Catastrophic Injuries Class Action Lawsuit Clergy abuse Complex Regional Pain Syndrome Consortium Consortium Attorney Construction Accident construction accident attorney Construction Injury Corona Cross-Examination CRPS injury attorney Dangers of Riding Your Bike death Defective drugs Defective Product delayed accident injury Dental Malpractice Deposition Dog bite Dog Bite Injury Cases in California Dog Injuries Drug Recall Drug Recalls DUI DUI accident Elder Abuse Elder Neglect emotional distress Eviction Excessive Force FDA Funeral Home Funeral Home abuse Funeral Home Neglect Habbaspersonalinjury Habbaspilaw Head Injury Head-on Collision Hit and Run Hydroxycut Independent Medical Claim Injury injury accident Injury Attorney injury lawyer Insurance Insurance Claim Insurance Company Insurance Policy Irvine law law firm Lawsuit Lawsuits lawyers Legal Malpractice Los Angeles Los Angeles bicycle accident attorneys Los Angeles Bicycle Accident Lawyer Los Angeles car accident attorney Los Angeles soft tissue injury Malpractice Medical Claim Medical Malpractice Medical Opinions Motorcycle Accident motorcycle accident attorney Multi-Million Dollar Advocates Forum Negligence Negligence Attorney Negligent Accident news News & Information news release Nursing Home Abuse Nursing Home Negligence nusring home abuse lawyer Orange County Orange County soft tissue injury Pedestrian Accident Pedestrian Accidents Pedestrian Death Pedestrian Injuries Personal Injury personal injury and accidents Personal Injury Attorney personal injury claim personal injury claims personal injury law firm personal injury lawsuit personal injury lawyer personal injury litigation Personal Injury Settlement Pharmaceutical Litigation Pharmaceuticals pills Police Brutality Premises Liability Product Liability Product Recalls Property Damage Recognitions Riverside Rollover Accidents Safe transport Settlements Sexual Abuse side effects Sidewalk Accident sleep sleepingaid sleepingpills Slip & Fall Slip and Fall slip and fall accident slip and fall accident attorney slip and fall accident causes smoke inhalation smoke inhalation injury soft tissue injury Spinal Cord Spinal Cord Injury Statute of Limitations Swine Flu Taxi Accident Technology Advancement Testimonials Tour Bus Toyota Recall Train Accidents Traumatic Brain Injury truck accident truck accident attorney truck accident claims truck accident lawyer Truck Accidents types of car accident UIM & UM Insurance Coverage Van Rollover Video Deposition Vioxx warning Wokers Comp Claims Work Injury Worngful Death Wrongful Death wrongful death attorney

Structured Payouts v. Lump Sum Settlement: What Is the Difference?

Personal Injury claimYou got seriously injured in an accident. You diligently hired an experienced accident attorney who helped settle the personal injury claim against the at fault party. Now you have a choice of whether to take a lump sum payment or opt for a structured settlement. Before making this important decision, it is important to educate yourself and understand the difference with each type of payment.

What Is a Structured Settlement?

Structured settlements are not available in every personal injury settlement. However, if it is an option in your case, you should accept it if it only makes sense in your situation. In a structured settlement scenario, you will not receive the full settlement at the outset. Instead, you will receive a portion of the lump sum payment now and the remainder of the payment gets deferred to a later time or over a specified period of time.

The total amount to be settled is given to the structured settlement insurance company. The company will then work with you to determine what repayment schedule would work best given your specific needs. You will have a choice as to what structured settlement company to use. You should choose the most secure company that will take the necessary measures to protect you and your assets from a possible bankruptcy. This is important because if the company goes bankrupt, then you will lose your structured settlement as well.

What is a Lump Sum Settlement?

Most personal injury settlements fall into the lump sum settlement category. In most cases, individuals have no option but to receive a lump sum settlement. There are many reasons for this, such as the settlement amount not being large enough to be structured. If you opt for a lump sum settlement, you will get the full amount of settlement up front. In other words, you will get all the money as soon as your Los Angeles accident attorney cuts the check to you. You will be responsible for how you spend the money.

Which Option Is Better For Me?

If you have the option of taking a lump sum settlement or a structured settlement, you need to educate yourself as to which will be the better option for you. Your attorney may be able to give you good advice as to which option to choose. But it may also be a good idea to consult with an accountant or other professionals who help you manage your finances.

Call Us!

If you or a loved one has been injured in an accident caused by a negligent party, you may be entitled to compensation. To ensure you get the full money damages you deserve, you need to consult with and hire a Los Angeles accident attorney.

For more information or to schedule a complimentary consultation with a Los Angeles personal injury lawyer, please call the Law Offices of Samer Habbas at (888) 848-5084.

FREE CASE EVALUATION

  • This field is for validation purposes and should be left unchanged.

Our firm is well experienced in injury matters and we understand the difficult time you are going through. We will guide you through the process and fight for you and your family to get the compensation you deserve.

Samer Habbas