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You find a personal injury attorney who decides to take your case on contingency, (which means you won’t have to pay any fees until after you win). Then, after a short while, the plaintiff decides to enter into a settlement to avoid going to court. You and your lawyer are now victorious, but what happens next? Well, usually the payments from a personal injury lawsuit are divvied out through monthly payments. This is especially the case for settlements worth several thousand dollars. Consider my own personal experience, where my parents won $1 million for my brother’s cerebral palsy lawsuit. Instead of receiving the money upfront, they get a certain amount each month. The amount rises after he turns 30. Of course, your settlement will probably be divvied out differently, but the principle is still the same. And, unless your lawyer negotiates other arrangements, your only other option for a nearly full cash-out would be a structured settlement. How does a structured settlement work? Wit …

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