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The biggest advantage to doing this is the fact that instead of receiving structured payments each year, you will get a lump sum settlement all at one time. You can then invest that money and let it earn interest or dividends.
Also, once the lump sum settlement is received, then in future tax years these structured payments no longer need to be included as part of your taxable income each year. Which will keep any other income you may have from being taxed at a higher rate.
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Thank you cvd