better to take structured settlement?

Is it better to take a sturctured settlemtn or all cash at once--what actually is a SS?

The simplest structured settlements are created with an even distribution of cash on a given interim for the term of the agreement. Such a settlement could include a payment every month for 20 years as an example.

Structured settlements can also be set up in a way that will match anticipated costs as they are predetermined. If a person will initially require a nurse or home care assistance for a given period of time, a structured settlement can be set up to include heavier payments of the front side. If assisted living or nursing home services will be required but not for several years, the settlement agreement may be weighted to provide more income later.

A structured settlement can also be set up to provide periodic larger payments or an extra payment when it is know it will be needed. Your attorney or structured settlement broker is in the best position for determining what details and requirements should be included.

[randalljd]

It can also lower taxes if the amounts are taxable.