How to Protect a Lifelong Settlement
A catastrophic settlement has to support your loved one for the rest of their life, so how it is structured and protected matters. These are considerations to raise with your attorney.
Consider a structured settlement
A structured settlement can provide guaranteed payments over time, which can protect a recovery meant to last a lifetime. Ask whether it fits your situation.
Protect needs-based benefits
A large recovery can affect eligibility for some benefits. Planning tools may protect both the recovery and any benefits — raise this early.
Account for the full future
Make sure the recovery reflects the documented lifelong needs, so it is not exhausted before the care is.
Resolve liens carefully
Understand and negotiate any medical liens or reimbursement, which affect the net recovery.
Get planning advice
For a large, lifelong recovery, coordinate with financial and, where appropriate, special-needs planning professionals.
The deadlines and rules depend on your state
The steps above apply wherever you were hurt. Filing deadlines, fault rules, and limits on damages differ by state — pick yours for what applies to catastrophic injury.
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This is general information, not legal advice. Every situation is different, and the law differs by state.