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Most large prize champs decide on the lump sum amount. All things considered if you choose the annuity. since you could get the bonanza paid with less expense however over for a significant period
The law allows Structured Settlement to be negotiated by both parties. The compensation is tax-free, i.e., payments to take care of the injured person don't attract taxes.
A structured settlement is a negotiated arrangement through which a claimant agrees to resolve claims by receiving settlement within a sort of periodic payment as per the agreed schedule. This is a kind of annuity payment.