As an alternative to lump sum settlements, structured settlements were first utilized in Canada and the United States (during the 1970s). Australia, Canada, England and the United States have made Structured Settlements as part of the statutory tort law of several common law countries. Each of these countries has its own definitions, standards and rules for structured settlements, although some uniformity exists. Structured settlements may include spendthrift requirements and income tax as well as benefits. To guarantee the future payments, often the structured settlement will be created through the purchase of one or more annuities.