Big speed
There is no fee unless we win!
EN
  • EN
  • ES

SHOPPING SPREE OR STRUCTURED SETTLEMENT?

SHOPPING SPREE OR STRUCTURED SETTLEMENT?

After clients receive large settlement awards they have some financial choices to make about what to do with their money. We are here to provide information to our clients to ensure they make the best choice for their futures.

Option 1:

Structured Settlement: A large personal injury award can be set up as a structured settlement. A structured settlement is an annuity that disburses money to the recipient on a monthly or annual basis.

A structured settlement may also provide a plaintiff with a substantial tax benefit . Although personal injury settlements are considered “tax-free” under the U.S. Tax Code, some exceptions apply and can make portions of a settlement taxable, such as an award of punitive damages or interest that accrues on the settlement.

Option 2:

Structured Settlement/Lump Sum Combo: If a person likes the idea of a structured settlement but has immediate expenses such as medical bills, repayment of debts, or rehabilitation costs, a structured settlement can be combined with a lump-sum payment.

Option 3:

Lump Sum: Some people who enter into structured settlements feel trapped by the periodic payments. They may wish to purchase a new home or other expensive item, yet be unable to muster the resources because they can’t borrow against future payments under their settlement. Therefore, some people will do better by accepting a lump sum settlement and investing the money themselves.

At Lehmbecker Law we’re here to help clients with these decisions after a large settlement award is received.

Larry A. Lehmbecker
Firm Founder, Larry Lehmbecker, has nearly 40 year’s of experience fighting for the injured in Washington State. He is always eager to share his knowledge to help those in need.
Table of Content
Contact Lehmbecker Law Today
Our attorneys and paralegals have decades of experience to help ensure you get the proper treatment for your injuries
Contact Us

Latest News & Insights

WHAT IS A CAR ACCIDENT LAWYER & WHAT CAN A CAR ACCIDENT LAW FIRM DO FOR YOU?

A car accident lawyer helps people who are NOT at fault in an auto accident. Car accident lawyers are typically plaintiff attorneys who handle civil
Updated
3/3/2023

WHEN IS YOUR SLIP & FALL ACCIDENT SOMEONE ELSE’S FAULT?

Whether you can recover damages for a slip and fall accident often depends on who owns the property where you fell. A fall on a
Updated
6/3/2023

I WAS INJURED IN A CAR ACCIDENT WHILE ON THE JOB. SHOULD I FILE A WORKERS’ COMP OR AUTO INSURANCE CLAIM?

Actually, you probably have both a workers’ compensation claim and a personal injury claim. Almost every injury while on-the-job will give rise to a workers’
Updated
6/3/2023