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Cash Advances on Structured Settlement

 is a legal, financial arrangement whereby tax-free periodic payments are made to a claimant as resolution for a personal injury tort claim. Lump sum payments alternatively are made all at once and are taxed by the government. Structured settlements became more widespread over 30 years ago, in 1982. Congress passed legislation that amended the federal tax code that advocated for the use of structured settlement in physical injury cases as each payment wouldn’t be taxed. The action was called the  Periodic Payment Settlement Act of 1982

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