In 1973, my daughter was born with brain damage, which I believe was the result of medical malpractice. Although my daughter is mentally alert, she is physically handicapped and unable to speak clearly. My former husband and I initiated a malpractice lawsuit which, in 1980, produced a financial settlement that went into a protected account. Unfortunately, my husband took this money and invested it in his construction company which went bankrupt a few years later. The money for our daughter was gone and soon my husband filed for divorce. I received no child support. A few years later, my daughter’s wheelchair malfunctioned, causing it to roll into the street where she had an accident that involved severe facial injuries. This time, I insisted on a structured settlement during settlement discussions with the wheelchair manufacturer. Taking care of my daughter is a full-time job and requires constant attention, not to mention the financial need. My structured settlement provides guaranteed income and helps protect my daughter from other people taking financial advantage of her.
Annuitant - Yorba Linda, California
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