Additional Resources

Pros and Cons of a Structured Settlement
By Jason Hahn
As with just about everything, structured settlements have both advantages and disadvantages. One key advantage is the tax benefits associated with a properly set-up settlement. An appropriately Read more...

reporting income from structured settlements


Mesothelioma Settlements Today
By Jennifer Bailey

Since there is no real gauge for measuring the damage that a case of mesothelioma can cause a patient or his family, the amount given as mesothelioma settlements today, differs vastly from one case to another, and also from one state to another, depending upon their legislations and amendments.

However, the main factor that determines the settlement money, apart from the damage that mesothelioma has caused a patient, is the state, region and the political atmosphere under which the mesothelioma settlement has reached. During the 80s and 90s, when a lot of lawsuits were being filed and the damaged caused by mesothelioma gauged, the political climate in most of the U.S. was immensely favourable to patients.

However, the overall political climate seems to have undergone a slight change. An example can be given of a reform bill in Texas, which makes neutral medical tests for asbestos related diseases compulsory and another in the state of Georgia, where the onus is on the plaintiff to provide all possible evidence to show that the problem was indeed caused by asbestos.

These were reform bills signed in the mid

90s, after there was a lot of controversy over mesothelioma lawsuits being misused by both lawyers and patients for exaggerated claims. There, however, is no problem when it comes to genuine cases of mesothelioma.

The settlement amount also varies. In the south, it is believed that most mesothelioma settlements cross a figure of one million. However, there can be no generalisations made on the settlement money, since each settlement is dependent on the merits of the case itself and do not lend to generalisations.

The settlements can range from a few thousands of dollars to millions of dollars. There is no average amount for a mesothelioma settlement. There have even been cases of mass settlements, where people allegedly ended up getting just a few dollars individually. The final decision depends totally on the legitimacy of the accusations of negligence in the part of the defendant and the damage caused to the plaintiff. Since courts have a tradition of referring to previous settlements, the settlement could also depend, to an extent, on the results of other such settlements and trial decision in the rest of the country.


Asbestos Lawyers provides detailed information on Asbestos Lawyers, Asbestos Mesothelioma Lawyers, Asbestos Trial Lawyers, Asbestos Lawsuits and more. Asbestos Lawyers is affiliated with Asbestos Litigation Attorneys.

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Additional Resources
Structured Settlement Loans
By ALISON COLE
Structured settlement loans are given against plaintiffs periodic claim settlements. Court judgments where a structured settlement is awarded are called periodic Read more...
Additional Resources
How Cash for Settlement is Taxed
By Joshua Shapiro
Generally, income as a result of personal injury is not taxable, depending on the specific type of award. However, some areas are taxed as income. For this reason, and the fact that Read more...

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reporting income from structured settlements