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My step-mom who is terminally ill had an accident. Her attorney says that she should take a lump sum settlement rather than a structured settlement because she needs the money now and won’t be here to receive the payments over several years. She wants me to get any remaining payments – not a lump sum after she’s gone because she is afraid i’ll blow it all if I get the full amount at one time. How should she work this out?

She can go one of two ways here, one by way of a structured settlement and the other by way of a lump sum with a settlement trust....

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My six-year old son was hit by a car and will be disabled for the foreseeable future with ongoing medical and hospital costs. My husband says that the court will probably require us to do a structured settlement. What does this mean and why would the court require us rather than take a lump sum and investing it ourselves?

When a minor is involved in a personal injury lawsuit as an injured claimant, our courts become very protective of their interests. Structured settlements reduce the risk that anyone will embezzle....

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