Q: Are structured settlements protected from creditors?

Are my structured settlement payments protected from my creditors?

A:  Structured settlements may offer some protection from creditors, depending on state laws and the specifics of the settlement agreement. Generally, structured settlement payments are exempt from garnishment or attachment by creditors, but this protection may not apply to lump-sum payments received from selling a structured settlement. You'll need to check with a knowledgeable attorney in your state to understand any creditor protections in detail.