In the form of a Settlement Check.
Settlements for Wrongful Death are typically awarded as a lump sum amount. Attorney fees and other costs associated with obtaining the settlement are subtracted before the sum is paid. The wrongful death successors receive the balance. A structured settlement is occasionally possible. A structured settlement functions similarly to an annuity. The money that would go to the beneficiaries (or whatever portion they specify) is invested with interest. It’s then paid at a yearly or monthly interval. Therefore, if the surviving spouse of the deceased decides she would prefer a monthly income rather than a lump sum, it can be arranged.
Thanks! Your answer is awaiting moderation.