Understanding
Constructive Receipt:
Why can't a plaintiff create
their own structured
settlement? At the core of
the federal tax code's explicit
recognition of structured
settlements is the concept of
constructive receipt. This
NSSTA handout offers a
concise explanation about
Congressional intent and how the
Internal Revenue Service has
traditionally interpreted its
application.
constructive receipt
Understanding
Qualified Assignments:
The essential contract that
protects the defendant's or
insurer's interests when
assigning its obligation to
make future periodic
payments. The assignment
transfers full responsibility
for all future payments to
an independent third party.
And when done correctly
removes from the
defendant all future
responsibility to the
plaintiff. This NSSTA
handout offers a concise
explanation of how
defendants and insurers
protect themselves with
Qualified Assignments.
Qualified assignment