Structured settlements are agreements characterized by the periodic payment of fixed amounts to a claimant in connection with the settlement of a legal claim. Such payments may last for the lifetime of the payee or they may be for a particular period of time, depending upon the terms of the settlement. The party responsible for making structured settlement payments may make payments:

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The party responsible for making structured settlement payments can make payments directly to a claimant or through other arrangements, so any of these options are possible.

Structured Settlements Are Agreements Characterized by the Periodic Payment of Fixed