You have two options of how to receive the money from your lawsuit settlement:
A lump-sum payment
A structured settlement
You should discuss with your attorney which option works best for you. If you anticipate a lifetime of necessary care, you should consider a structured settlement because this will make sure that the money is there for you when you need it. This works like an annuity that pays you money gradually over time, and it flattens the amount of money available to you.
At Zanes Law Injury Lawyers, we work with our clients on different types of settlements, and we can find a solution that works best for you. Clients have completely different financial situations that require their own analysis. If you are receiving a large amount of money, you will need to do some upfront planning because you will only get one settlement. There are financial issues to consider beforehand.