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Impact of structured settlements on family law claims

Friday, June 16, 2017 @ 8:37 AM | By Katherine Cooligan

In Hunks v. Hunks 2017 ONCA 331, a unanimous Ontario Court of Appeal determined that structured settlements annuity payments are income rather than property. Family law clients who suffer injuries during marriage and their lawyers will want to understand the options available for payment of settlement funds and the impact of structured settlements on potential family law claims. Depending on the size of the settlement, the financial consequences for clients on separation could be considerable.

Donna Hunks suffered a severe injury during her marriage, when a palette...