From Structured Settlement Recipients
Shirley Adams (Yorba Linda, CA)
Mother of a child with brain damage
In 1973, Shirley Adams of Memphis, Tennessee gave birth to a daughter, Tiffany, who was born with brain damage. Ms. Adams maintained this damage was the result of medical malpractice by the hospital.
In 1980, Shirley and her husband received a settlement of $250,000. Despite the attorney’s advice to invest this money prudently, Shirley says her husband put the money into his own construction company.
By the mid-1980s, the company was bankrupt and the money to care for Tiffany was gone. In 1993, Shirley and her husband divorced. He moved to Eastern Europe and stopped paying child support.
But the story does not end there. In 1987, Tiffany’s wheelchair malfunctioned, causing it to roll forward and throwing her face first into the street.
Tiffany suffered severe facial injuries. This time, Ms. Adams insisted that the settlement from the wheelchair manufacturer be in the form of a structured settlement.
Today, Ms. Adams is convinced of the benefit structured settlements have brought to her life. “Taking care of Tiffany is a full-time job and requires constant attention, not to mention the financial need,” she says, “My structured settlement protects Tiffany from other people completely taking advantage of her for the whole amount of the settlement.”
* The above statement is courtesy of the National Structured Settlement Trade Association and is not an endorsement of any particular structured settlement firm.
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