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Birth Injury > Structured Settlements

Inflation Guard Protection: Structured Settlements

Consider for a moment that you have just won a legal settlement in a birth defect or birth injury case. At this moment, you must weigh your options concerning which type of settlement you would prefer. Should you take the lump sum or the structured legal settlement? Assuming both parties agree to a structured legal settlement, have you properly protected your assets in this scenario from the dangers of inflation? If not, you may end up with an amount of money that does not truly equal the value of the settlement you were awarded. For this reason, it is essential that you get experienced legal counsel from a structured legal settlement specialist to assist you in structuring an award to suit your needs.

If you would like more information regarding inflation guard protection for your structured settlement, contact the attorneys at Kleinick Law today!

Rising inflation can significantly decrease the purchasing power of the dollar. Being that the economy is often volatile, it is difficult to predict how much money will be worth in a few years time. If you do not account for it, inflation can affect your ability to budget monetary assets acquired from a structured legal settlement for a variety of financial obligations such as:

  • College Tuition
  • House Payments
  • Car Payments
  • Medical Expenses

When structuring a legal settlement, it is critical that you consider how these assets will be used in the future. Are there lingering medical expenses to reckon with? Do you have to plan for a child’s college education? If you structure an award without understanding the possible effects of inflation on that income, you may not have the amount of money needed in the future to properly cover these expenses. Planning is crucial. An amount that is more than sufficient to cover such expenses today likely will not be enough a few years down the road. Do not allow yourself to get short shrift when it comes to receiving the amount of compensation that you are legally entitled to. A structured settlement specialist can provide knowledge and expertise necessary to ensure that your periodic payment is fair and does not decrease in value due to inflation.

If you would like more information regarding inflation guard protection for your structured settlement, contact the attorneys at Kleinick Law today!

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New York Birth - Kleinick Law
Medical malpractice lawyers in New York specializing in medical malpractice cases involving birth injuries and birth defects.Practicing throughout New York City (NYC), Brooklyn, Bronx, Queens, Staten Island, Manhattan and the surrounding areas.

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