Can The Terms of a Structured Settlement be Crafted Such That They Address My Unique needs?
Yes, Of Course.
The primary goal of a structured settlement is to provide the injured individual the type of support and care needed for his health and basic living requirements.
Considering that no two individual's injuries or health conditions are equal, specific details of your structural settlement would be finalized only after all the relevant aspects of your situation are taken into consideration. Structured settlements, therefore, can be exceptionally flexible, and are almost always designed so as to accommodate every aspect of the recipient's needs.
In it's simplest form, your structured settlement could simply mandate that a fixed monthly payment be made to you for next 10, 15, 20 years, or your lifetime. However, your periodic payments do not have to be in equal amounts. For example, if you need any specialty equipment (a mobility device, or a powered scooter, for example) that must be replaced at certain intervals, your structured payment would have corresponding provisions for the extra funding to be made available accordingly.
Depending upon your ongoing support needs, your structured settlement could be created to provide you a steady stream of income, or to allow for larger payments at certain times to address certain extra needs that can be anticipated to occur down the road.
Structured settlement can almost always be made flexible enough to fully accommodate an injured person's unique needs. If you have any concerns, or if some aspects of your ongoing support needs are not being fully/adequately addressed in your proposed structural settlement agreement, you or your representative should bring it to the attention of your structured settlements specialist or your attorney.