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 Congress' intent and how the Internal Revenue Service has traditionally interpreted its application.

Constructive Receipt


Defining responsibility for the creation of a structured settlement is essential to the resolution of a case—and maintaining control of your documents matters. Don’t leave out this helpful language, even if a structured settlement has not yet been broached.

Language for a Mediation or Court Record

The Plaintiff's Needs:

The following NSSTA handouts address the needs of plaintiffs across the personal injury spectrum.  And while plaintiffs’ needs vary depending on the severity of an injury or loss, their common desire is financial security. Only a structured settlement can offer guaranteed, tax-free future payments.

A successful financial strategy
Financial security for Infants & Minors
Financial security for Young Adults
Financial security in your Middle years
Financial security in your Golden years

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 Assignments