Solutions
No two individuals have the same hopes and dreams. The professionals at High Impact Structures, LLC can help design a strategy to help anyone and their families achieve their goals. Our customized plans will work to meet any and all immediate financial and medical needs as well as address long range goals like home purchases, children's education, and retirement income.
Working together with the plaintiff and the plaintiff's attorney, a High Impact Structures Specialist can develop a strategic financial plan that will provide solutions for all of the difficult financial decisions that must be faced. A skillfully structured settlement has several built in advantages that give it more impact than a lump sum payment.
Guaranteed Financial Growth
A structured settlement annuity will guarantee periodic payments over a lifetime or over a specific period of time. Also known as "period certain." An annuity is an investment vehicle in which the plaintiff allows all or part of the award or settlement to be placed with an insurance company. In return, the insurance company guarantees inflation adjusted periodic payments for life or period certain.
Spendthrift Protection
Structured settlements help to prevent plaintiffs from mindlessly blowing the settlement proceeds. Due to the difficulty of self-managing a cash settlement, 92% of all claimants exhaust their funds completely within the first five years.
Tax Free Income
Internal Revenue Service Code Sections 104a2 and 130 provide for periodic payments (i.e., a structured settlement) in personal physical injury and workers' compensation cases to be income tax free to the plaintiff. This means the amount of the award or settlement is tax free, but more importantly, so are all future periodic payments and lump sums.
No Cost Solution
By accepting a structured settlement, one is guaranteed a sustained, reliable source of income without any fees or expenses from an investment broker.
Flexibility
A structured settlement can be tailored to provide future payments in just about every size, frequency and duration imaginable. Although one is ultimately limited by the amount he or she has to structure, the way in which it can be structured is almost limitless. This type of flexibility helps meet the needs of the individual yet still provides security for their family.
Protection for Minors
To ensure that the money does not fall into the wrong hands and more importantly is available when it is needed most, the courts will usually require a structured settlement of any minor's award or settlement.
