What is a Structured Settlement? New York Medical Malpractice Attorney Gerry Oginski Explains

Posted almost 2 years ago. Applies to New York, 1 helpful vote

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You're wondering what injured victims do with the money they have been 'awarded'. It almost makes it sound like they're the "lucky" ones to have permanent injuries and they are now being compensated for having their lives turned upside down.

Defense lawyers even tell jurors in jury selection that a lawsuit is not a lottery. How true. Instead, a lawsuit seeks to hold the wrongdoer responsible; to repay a debt that is owed because of their carelessness. This has nothing to do with a lottery.

However, what exactly does an injured victim do with the money they receive?

One investment they can make is with something called a structured settlement. This allows them to invest in something relatively safe and get guaranteed payments over the course of their lifetime.

A structured settlement is just one way to protect the money you have been awarded.

Watch the video to learn more.

Additional Resources

Gerry's Medical Malpractice YouTube Channel

Gerry's Educational Medical Malpractice Website

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Related Topics

Medical malpractice and personal injury

Medical malpractice occurs when a medical professional's negligence causes injury to a patient. Incorrect actions and inaction can both be forms of negligence.

Surgical malpractice and personal injury

Surgical malpractice occurs when a medical professional makes an error during surgery that was both preventable and beyond the normal risks.

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