Structured Settlements: An Effective Way to Resolve Airline Litigation

The author of this article (Paragraph No. 35,251) writes that families who have lost the primary breadwinner in an aviation disaster are prime candidates for a structured settlement. All of the elements - economic loss, catastrophic injury, long-term payment obligations - are in line with the mechanics of a structured settlement payout. However, while claims professionals and attorneys on both sides may be familiar with the structured settlement concept, victims' families are not, necessitating a careful explanation of the fundamentals and advantages. The favorable federal tax treatment for structured settlements, as well as their role in the September 11 Victims Compensation Fund, are outlined and discussed. Next, the author details the use of structures to resolve a claim, using examples of how attorneys and structured settlement specialists work together. The author concludes by providing illustrations of some of the payment schedule variations that are available for structured settlements.

  • Corporate Authors:

    International Aviation Law Institute

    DePaul University College of Law, 25 E Jackson Boulevard
    Chicago, IL  United States  60604
  • Authors:
    • Dyer, Randy
  • Publication Date: 2004

Language

  • English

Media Info

  • Media Type: Print
  • Edition: Transfer Binder 1: 2001 to 2004
  • Pagination: pp 22221-22229
  • Monograph Title: Issues in Aviation Law and Policy

Subject/Index Terms

Filing Info

  • Accession Number: 01150739
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Feb 17 2010 10:42AM