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Many people these days have structured settlements. These can be from lottery winnings, lawsuits or insurance settlements. In 2013, payouts from medical malpractice lawsuits accounted for about $3.6 billion. The average price of an employee lawsuit settlement is $150,000. For a lottery like Mega Millions, with a prize of $50 million, the initial payout is […]
Do you receive annuity payments from winning the lottery, a lawsuit settlement, or that you inherited from a deceased family member? A structured annuity settlement is a fixed payment that is made to the you on a regular basis (usually monthly or annually) to provide for your needs after an injury, retirement, or for lottery […]
With the recent uptick in large lottery payouts, the question of how one might spend such vast winnings has been a hot topic of conversation lately. Below is what we like to call a rational daydream–aka, how one might go about life after winning the lottery if they eschewed the ice cream truck made out […]