Video Transcript
If you have had a birth injury settlement, the money typically is going to be paid by the defendant around 20 to 30 days after all of the release documents have been signed. However, there is sometimes something called a structured settlement. That is the right thing for the family. And that allows you to have the defendant purchase an annuity, basically an insurance product that pays out money at regular intervals over time and there is a tax savings to doing that because it’s not taxable if the defendants make that purchase as opposed to the plaintiffs making the purchase themselves, and that allows the most money to accrue over time which allows the family to have the best possible care for their child going forward into the future and even including long after the parents themselves may have passed they will have the peace of mind of knowing that their attorneys have achieved the best result for their family for the longest time period. .
