Settlement Planning Services
Advocating & Working With Personal Injury Claimants & Their Attorneys Since 2001.
Chad Gold is the Founder & Owner of Gold Settlements. Mr. Gold is a graduate of Northwestern University where he earned a Bachelors of Arts. Mr. Gold is also a graduate of the University of Denver College of Law where he earned a Juris Doctor degree. As one of the few trained attorneys working in the Settlement Planning and Structured Settlement industry, Mr. Gold takes great pride drawing upon his legal background and training to provide highly personalized and top-quality service to his clients. Gold Settlements has twenty two years experience working on serious personal injury, product liability, minors cases, elder abuse, medical malpractice, dental malpractice, and wrongful death cases. Through consistent high quality and hard work, our firm has achieved a reputation for providing excellent customer service to both the Claimant and the Attorney.
Contact Us
chad@goldsettlements.com
(310) 481-6035
Areas of Practice
Structured Settlements
A structured settlement annuity is a financial arrangement that provides periodic payments to an individual who has received a settlement or judgment from a legal case or insurance claim. It is designed to provide a steady income stream over a specified period rather than a lump sum payment.
When a person enters into a structured settlement, they agree to receive future payments over an agreed-upon period, which can be several years or even a lifetime. The payments are typically funded by an annuity purchased from an insurance company, which acts as the issuer and guarantor of the structured settlement annuity.
The key features of a structured settlement annuity include:
Payment Schedule: The annuity payments are structured according to a predetermined schedule. This schedule can be customized to meet the individual's specific financial needs and may include regular monthly, quarterly, or annual payments.
Tax Advantages: One of the main benefits of structured settlement annuities is their favorable tax treatment. In the United States, for example, the payments received from a structured settlement are generally tax-free, as long as they result from a personal injury, wrongful death, or workers' compensation claim.
Security and Stability: Structured settlement annuities offer a secure and reliable source of income. The payments are typically guaranteed by highly rated insurance companies, ensuring that the recipient will receive their scheduled payments regardless of the financial market conditions.
Flexibility: While the payment schedule is fixed when the structured settlement is established, it is possible to include certain provisions for flexibility. These provisions can allow for lump sum payments at specific intervals or address future financial contingencies, such as medical expenses or education costs.
Structured settlement annuities are commonly used in cases involving personal injury, medical malpractice, wrongful death, or other situations where a large settlement is awarded. They provide recipients with a stable income stream and financial security, helping to meet ongoing expenses and ensuring long-term financial stability.
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