Claris Law Legal Blogging Community

Name:

E-mail:

Phone Number:

Zip Code:

Your Question:

Editor: Daniel J. Alvarez, J.D.
Profession: Settlement Planner, Millennium Settlements

Category: Settlement Planning Options

If you are going to receive money from your personal injury lawsuit, you have several options to consider for financial planning. The options are fairly simple although there are various inherent advantages and disadvantages to each:

Option 1: Receiving it in a single lump sum of cash and investing it in taxable financial products

Option 2: A tax-free structured annuity payable over time

Option 3: Having the money placed into a trust and professionally managed for you

Option 4: Some combination of the first three options

I will be exploring each option and the advantages/disadvantages associated with each in future articles.