After our Buffalo personal injury attorneys have recovered your financial compensation, the settlement can be paid out in one lump sum or broken into payments. To help decide which option is best for you, consider the following:
Structured Settlements:
By receiving your settlement in a series of periodic payments, you have an advantage in managing your money. If you are concerned about mishandling the funds, choosing a structured settlement tailored to your needs may be the best option.
Lump-sum:
If liquidity is your main concern, choosing to receive your funds in one lump sum gives you the freedom to invest, save, or use the money at your leisure.