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A structured settlement is a financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving periodic payments on an agreed schedule rather than as a lump sum. purchaser of a structured settlement is an individual or company who buys a pre-existing structured settlement. Such settlements might include payouts for lottery winnings or annuities. For example, a court ordered structured settlement pays $5,000 a year for twenty years.
A qualified domestic relations order, or QDRO, is a domestic relations order that needs to be included in a divorce settlement agreement when dealing with pension funds. The QDRO establishes your soon-to-be ex-spouse's legal right to receive a designated percentage of your qualified plan account balance or benefit payments.