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Chapter 16

Lump Sum or Structure: What Each One Costs You

This chapter answers: Should we take the money all at once, or over time, and what does each cost?

Disclosure. Bill may be paid when a family chooses a structured settlement. If you take the entire settlement in cash, he is paid nothing on your case. The chapter says so, argues its view, and gives the strongest case on the other side.

Keep this current

Adult beneficiaries can sometimes sell structured payments with court approval (“factoring”). Know the rules before you assume payments are locked. Rules change. Confirm with your attorney.

Use it this week

  • Re-read the chapter’s Questions to Ask and write your answers in the Part III notebook.
  • Work through the chapter’s What to Do This Week list and note dates and names as you go.
  • Bring any questions about your own situation to the right professional, and to Bill if they involve the money.

Ask Bill about this chapter

Read it and still have a question? Send it. Bill reads these himself.