Q: How are structured settlement payments determined?

What determines the amounts and timing of structured settlement payments?

A:  Structured settlement payments depend on several factors, including the claimant's needs, the settlement amount, and the agreement terms. The parties negotiate a payment schedule tailored to the claimant's financial requirements, considering factors such as medical expenses, ongoing care, living costs, and future financial needs. Payments can be fixed or variable, immediate or deferred, and may include lump-sum payouts.