Q: How do structured settlements affect government benefits?

Will a structured settlement affect my government benefits?

A:  Structured settlement payments may affect means-tested government benefits, such as Supplemental Security Income (SSI) and Medicaid, depending on how the payments are structured. To minimize the impact on benefits, you can establish a special needs trust or use a pooled trust to receive the structured settlement payments. Always consult with an attorney or financial advisor to ensure your structured settlement is set up to protect your eligibility for government benefits.