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

Posted by attorney Gerald Oginski

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.

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