When you get a settlement you often have a choice. Do you want one large lump sum payment or smaller payments over time? There is no right answer for everyone. It depends on your life.
A lump sum gives you all your money at once. This is powerful if you have a big plan. You can pay off all your debt invest in a house or start a business. You have full control.
Structured payments give you a steady income. This can feel safer and help you budget. But it locks away your money for years.
Many people start with structured payments but then life changes. If you need cash now you are not stuck. You can sell your future payments for a lump sum. This gives you the freedom of a lump sum when you need it most.
Think about your goals. Then choose the path that is right for you.
