Q: What are the alternatives to structured settlements?

What financial options do I have instead of a structured settlement?

A:  Alternatives to structured settlements include lump-sum payments and trusts. Lump sum payments provide immediate access to funds and unlimited investment options, but lump sums may be challenging to manage over time. Trusts can provide professional financial management and asset protection but often incur high fees. Each alternative has pros and cons, and the best option depends on the claimant's specific needs.