The Washington Application for Structured Settlement (WAS) is an online system designed to facilitate structured settlements in the state of Washington. Structured settlements are an agreement between a claimant and a defendant, in which periodic payments are made to the claimant in lieu of a lump sum. WAS Sis intended to streamline the process of creating, managing, and tracking structured settlements, making it easier for parties to reach a mutually beneficial agreement. WAS consists of two main types of applications: Washington Structured Settlement Agreement and Washington Structured Settlement Amendment. The Washington Structured Settlement Agreement is used to create a new structured settlement agreement between two parties. This application includes detailed information about the parties involved, the payment structure, and other terms, as well as the option to upload supporting documents. The Washington Structured Settlement Amendment is used to modify an existing structured settlement agreement. It includes the same information as the Washington Structured Settlement Agreement, but also requires additional documentation detailing any proposed changes. Both types of applications are filed electronically, and the Washington Department of Revenue provides an online portal for parties to access their structured settlement agreements and amendments. WAS also includes a number of tools to help parties track payments, manage and update agreements, and ensure compliance with all applicable laws.
The Washington Application for Structured Settlement (WAS) is an online system designed to facilitate structured settlements in the state of Washington. Structured settlements are an agreement between a claimant and a defendant, in which periodic payments are made to the claimant in lieu of a lump sum. WAS Sis intended to streamline the process of creating, managing, and tracking structured settlements, making it easier for parties to reach a mutually beneficial agreement. WAS consists of two main types of applications: Washington Structured Settlement Agreement and Washington Structured Settlement Amendment. The Washington Structured Settlement Agreement is used to create a new structured settlement agreement between two parties. This application includes detailed information about the parties involved, the payment structure, and other terms, as well as the option to upload supporting documents. The Washington Structured Settlement Amendment is used to modify an existing structured settlement agreement. It includes the same information as the Washington Structured Settlement Agreement, but also requires additional documentation detailing any proposed changes. Both types of applications are filed electronically, and the Washington Department of Revenue provides an online portal for parties to access their structured settlement agreements and amendments. WAS also includes a number of tools to help parties track payments, manage and update agreements, and ensure compliance with all applicable laws.
