# Tex. Property Code § 142.008: STRUCTURED SETTLEMENT

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.008

## Section

- **Citation:** Tex. Property Code § 142.008
- **Heading:** STRUCTURED SETTLEMENT
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code pr / Chapter 142 / Section 142.008

## Text

(a) In a suit in which a minor or incapacitated person who has no legal guardian is represented by a next friend or an appointed guardian ad litem, the court, on a motion from the parties, may provide for a structured settlement that:

(1) provides for periodic payments; and

(2) is funded by:

(A) an obligation guaranteed by the United States government; or

(B) an annuity contract that meets the requirements of Section 142.009.

(b) The person obligated to fund a structured settlement shall provide to the court:

(1) a copy of the instrument that provides funding for the structured settlement; or

(2) an affidavit from an independent financial consultant that specifies the present value of the structured settlement and the method by which the value is calculated.

(c) A structured settlement provided for under this section is solely for the benefit of the beneficiary of the structured settlement and is not subject to the interest payment calculations contained in Section 117.054, Local Government Code.

## Nearby sections

- [Tex. Property Code § 142.001 § 142.001. MANAGEMENT BY DECREE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.001.md)
- [Tex. Property Code § 142.002 § 142.002. MANAGEMENT BY BONDED MANAGER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.002.md)
- [Tex. Property Code § 142.003 § 142.003. COMPENSATION AND DUTIES OF MANAGERS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.003.md)
- [Tex. Property Code § 142.004 § 142.004. INVESTMENT OF FUNDS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.004.md)
- [Tex. Property Code § 142.005 § 142.005. TRUST FOR PROPERTY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.005.md)
- [Tex. Property Code § 142.006 § 142.006. CLAIMS AGAINST PROPERTY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.006.md)
- [Tex. Property Code § 142.007 § 142.007. INCAPACITATED PERSON.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.007.md)
- [Tex. Property Code § 142.008 § 142.008. STRUCTURED SETTLEMENT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.008.md)
- [Tex. Property Code § 142.009 § 142.009. ANNUITY CONTRACT REQUIREMENTS FOR STRUCTURED SETTLEMENT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.009.md)
- [Tex. Property Code § 142.010 § 142.010. TRANSFER OF TRUST PROPERTY TO A POOLED TRUST SUBACCOUNT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.010.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cpr_C142_S142.008. Check the current official text before relying on it. Not legal advice.