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If you’ve ever fantasized about winning the lottery, then you’re already familiar with structured settlements. These are the payment arrangements made to provide you with small payments over a long period of time. In law, you may agree to a structured settlement because the final payout for the smaller payments is larger than the lump sum. For example, if you were injured in a car accident, the defendant may be willing to settle your case for $100,000 up front, or 55 monthly payments of $2000. If you choose the smaller payments, you won’t get as much initially, but after 55 months you will have received $110,000. If you’re on the receiving end of a structured settlement and something happens that results in you needing money right away, you may be able to sell your rights to receive future payments to a third party in exchange for a lump sum. However, just like before, this lump sum will be smaller than what otherwise would have been paid had you received all the smaller monthly payments.