An Introduction To Sell Structured Settlements

By Eric Morris.

If you are a personal injury claimant, you may have received structured settlements as a result of an injury or accident.  Structured settlements are series of guaranteed payments or annuities that are made over certain duration to help you cover present and future expenses.

Unfortunately, with the soaring prices of commodities and other things, the amount you received from these payments are not enough to cover huge unexpected expenses.  In this situation, when you need additional cash, you might consider selling structured settlements, either a portion of it or all of the remaining structured settlement payments.

Selling structured settlements is considered legal in all states.  But before you can sell, you should have court approval. You can consult a professional that will help you analyze and determine how many of these payments you should sell based on your needs. Next, you can start applying online and wait for a structured settlement expert to contact you. This person will give you an estimate of the amount that you can receive, if you choose any of these selling options -- full amount, part of the payments or percentages.

The advantage of selling structured settlements is that you can receive a lump sum of cash that you can use to start a business, college education or immediate medical expenses. This is the best solution if you are really in need of cash for an immediate expense.

However, the disadvantage is that you may come across shady brokers who might take advantage of the situation. Since you need a broker to help you sell, you might deal with a broker who claims to be a qualified, only to find out later otherwise. Make sure that you deal with one who has years of experience in selling structured settlements.

Selling structured settlements can have benefits and pitfalls. That is why you must first consider if it is important to sacrifice the payments for a lump sum of money.  Before you make a decision, see to it that you understand the advantage and disadvantage of such an action, as well as its implications. [http://www.WetPluto.com/An-Introduction-To-Sell-Structured-Settlements.html]Sell Structured Settlements provides detailed information on Sell Structured Settlements, Sell Structured Insurance Settlements, Sell Structured Settlement Payments, Sell Structured Settlement Companies and more. Sell Structured Settlements is affiliated with [http://www.WetPluto.com/Cash-For-Structured-Settlement-Payments.html]Structured Settlement Brokers.

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Purchase Structured Settlements

By David Millers.
Companies that purchase structured settlements will buy out your future payments in exchange for advancing you money now, minus their fee. These companies can provide needed cash in a lump sum, far more than your monthly allotment, if that is what you choose to do, instead of staying on the monthly or yearly plan that your structured settlement sets forth.

If you have been involved in a lawsuit for personal injury, product defects, medical malpractice, or wrongful death of a family member, you may have mediated a settlement offer. Many times, since settlements in personal injury cases can be so large, the payouts are structured, or set up to be paid out in increments over time. This can be over several months, or years, and in some cases for a lifetime of payments. This amounts to a guaranteed income for the person who has settled their lawsuit for monetary compensation.

When a large sum is spread out over many months, or years, there can be some tax advantages, and it does assure the recipient of future income. By taking a large lump sum all at once, the person who receives it gets a large amount of money all at one time, with nothing set aside for future expenses. People who are hurt and have ongoing medical expenses will need a lot of money for their future care, and a structured settlement is good for that purpose.

Sometimes, however, the recipient has a good reason for wanting a large amount of cash immediately, instead of the smaller amounts over time. They might want to go to college, or buy a house, or have another good reason for needing some, or all, of their settlement money up front. This is a good time to consult the companies who purchase structured settlements.

There is a fee charged, from around 10 to 30 percent of the money advanced, and the transaction is similar to getting a payday advance, except for a lot more money, and the repayments go directly to the company that bought out your settlement. It is possible to have them purchase just a part of your settlement, so you get a lump sum now, and whatever remains would continue as before, but in a lesser amount. You would still get some future income, just not as much.

When deciding to sell a settlement, it may be necessary to obtain court approval. That is one way that the legal system acts on your behalf, to be sure you are doing this for a good reason, because the structured payment system was decided upon for a good reason also. Take time to examine several companies who purchase structured settlements before you take action. Oftentimes, smaller competitors offer better rates and terms than the big names like Peachtree and JG Wentworth.

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Sell Structured Settlement Payments

By Ricky Lim.
With the current economic crisis world wide, you might feel that you want to sell structured settlement payment so as to reduce the financial burden that you are experiencing. Of late you will find that the companies that are known to buy such settlements have been overloaded with people who want to sell structured settlement payment.

As a result, you will find that the rate for these settlements has gone down and also there is the risk of getting a rip off from such settlements. You will find that some people will not have the patience to wait for the right time to be able to sell. This will in turn subject them to unscrupulous dealers who will buy their structured settlements at an all time low price. An example would be the one of the homeless man who won the lottery.

Since he had never handled such large amounts of money, the lottery decided that he would be paid in the form of a structured settlement. This would ensure that he had a steady source of income as well as security in the future. But being human, he got greedy. He decided that he wanted to live the luxurious life of driving fancy cars and living in mansions.

At this point, one of his friends advised him to sell structured settlement payment. The so called friend told him that he could do this secretly with a shylock. This would in turn be very discreet and he would only be charged a reasonable fee. So he decided to go ahead and sell it. As we all know, shylocks are mostly predators that are out to make a quick buck.

They will do everything necessary in their power to make sure that they get the most out of the deal that is being done. They will also charge exorbitant prices and give a low turnaround. The homeless person being a drug abuser and high at the moment signed the papers that would allow the transfer of his structured payment. He was given a down payment and was to return the following day for the rest.

The next day the shylock was nowhere to be seen. As you can seen, this would be avoided if the necessary precautions.

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3 Reasons to Think Twice About Putting a Structured Settlement Up For Sale

By Montgomery Emerson.

A structured settlement is a large amount of money that has an agreement in place to break down the amount into payments and spread over a period of time. Many times this agreement is made between an individual and the payer to ensure the amounts are applied sustain the individual over a long period of time. The recipient will receive the entire amount on a weekly, bi-weekly or other payment schedule.

Structured settlements can be initiated from lottery or casino jackpot winnings, litigation or insurance awards. In some situations an individual can inherit an annuity stream from the estate of an individual who has passed. However, as anyone knows unforeseen situations do come up that may require access to more cash than a person has in the bank. Usually a loan is taken out as mortgage on the home or unsecured debt in the form of credit cards etc. but, you can also sell all or part of the monthly payments you receive from a structured settlement.

Unfortunately, there can be downsides to this type of arrangement and you should be aware of the potential financial impacts that may occur:

There are many companies out there who will gladly pay you a single amount to receive the monthly income stream for the term of the agreement, however they will heavily discount the amount you get to make a profit from the transaction.
 Structured Settlements were designed to provide a way for an individual to manage their money and provide a consistent source of funds to pay bills and etc. Getting a single lump sum can be a financial disaster if you do not have the will power to invest the money wisely. There have been many who have been left with no future after blowing the entire amount on purchases like cars, boats and trips to the Caribbean.
 Accepting a large amount of money through a settlement loan may trigger significant tax burden to the individual that received the money. This alone can be a reason to avoid a structured settlement sale.

In summary, if you are receiving a monthly income stream from a structured settlement and want to get the money faster, there are several reasons you may want to proceed carefully before signing an agreement with a company who will be making a substantial profit from your decision.

  Structured Settlement payouts should be based not only the immediate needs, but also have enough flexibility built into the agreement for the future. For more info go to http://gravitygarden.com/my-structured-settlement/index.html

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Sell Structured Settlements for Cash With Ease.

By James Quick.

If you want to be able to sell structured settlements for cash you need to have the right information readily available. The selling of them can be delayed if you don't have the documentation that you need to verify the settlement.

First make sure you are working with a reliable company who buys structured payments. They should be committed to helping you get a fair price for your settlement. They should also be able to explain all the details to you step by step.

You will find that there are many willing buyers out there. Contact several of them locally. You can also do some searching online. Many of the websites allow you to do some side by side comparisons.

Familiarize yourself with the basic process if your going to sell structured settlement. You may be walking in foreign territory. However, when you understand the basic playing field you can be well informed. You can also feel in control over what is taking place. Make sure you ask lots of questions if you aren't finding the answers you need.

You should be talking with an attorney and financial advisor as well. They can tell you if they think this is right for your financial needs and future goals. They can also review any offers you get to see if they think you are getting a solid offer or being taken advantage of.

They are professionals in that area so you need to pay attention to the advice they give you. What they have to say can help you to sell structured settlements for cash with ease. At the same time they can help you to feel good about the offer you get. The last thing you want is to have regrets down the road about the process and the money you got.

Before you look into a structured payment you really need to think about what you will be using the money for. You don't want to get that lump sum payment and just blow all of it. That could lead to a severe financial hardship for you down the road. You may be better off to only sell part of the settlement so that you can have future monthly payments as well.

Look for a company that will also take care of all the legal elements of the structured settlement for you. The courts in your area have to agree to the settlement as does the one who is legally obligated to pay you. They can take care of the leg work of contacting those individuals. Once they get that approval they can file with the court to get that settlement approved.

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Selling Structured Settlement Payments

By Ricky Lim,

As most of us know, selling structured settlement can prove to be insufficient to meet your financial needs. When it comes to selling these, you will find that people will be more likely to do cash out settlements. Therefore, you should be careful of the wording you will use in your settlement agreement so that it cannot give the wrong impression. In the event that one uses restrictive wording in their agreement, you will find that it might prohibitive to allow any transfer of the said settlement.

The confusion that this can result in might come at the time when one is in dire need of the settlement cash. A structured settlement is normally an agreement between you and your insurance company. What happens is that the settlement is executed so as to enable you to access a claim that you made.

In the event that an insurance company settled your claim by buying annuities that are in your favor, you will find that you will not be able to sell it as the annuity will belong to the insurance company and not you. This is one of the prohibitive clauses that will give you difficulty when selling them.

Though you might not be able to sell it to gain a lump sum, you will find that the settlement will give you a number of payments that will like installments. This means that the right for you to get your payment can be considered as an asset. In this perspective, you will find that anyone who has an asset has the right to retain it or sell depending on their wishes.

Even though this is possible, you will find that the justice system has made this process to be a bit difficult. This is because such settlements are considered as a source of financial stability and that is why the justice system will encourage the payment of these settlements but at the same time will discourage the sale of these settlements. This issue has led to the problems that most people are having when they try to them.

With a good lawyer and financial adviser, you may be able to convince a court to a point that they will allow you to sell them. These are the general issues that have been known to affect structured settlements.

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Some Things to Know About Selling Structured Settlements

By Evelynn Gaines.

Structured settlements were created to help persons who had settled tort lawsuits out of court receive their payments based upon on a time schedule. These settlements were instituted by the federal government as a means to guard claimants from spending their lump sum payments and ending up with no money. They even provided unbeatable incentives to make structured settlements more palatable.

Consequently, there are no federal or state taxes on these arrangements. In addition, studies have demonstrated that most people who receive lump sum payments have no money within five years. Bearing in mind these factors, you may be wondering why individuals are selling their settlements.

With the nation in a depression, numerous people have lost a lot of money in the last few years. As a result of the worst economic downturn since the Great Depression, wealth has been eradicated and safety nets incinerated. Annuities are an exceptional means of acquiring liquidity in a short period of time.

In order to acquire money for your structured settlement, you sell the outstanding value of your annuity. Before agreeing to do this, make sure that you have a trusted lawyer or broker to make sure that you receive the best stipulations possible.

The money you receive from selling a structured settlement can be used for a variety of purposes. Depending on the amount, you could pay for large items such as a car or home. You could use it to catch up on mortgage payments, loans, or pay down credit card debt. Before deciding to sell future annuity payments, do some investigating into the various structured settlement firms.

There are plenty of companies that help persons that are trying to sell structured settlements. While structured settlements were designed to help people organize their annuities in a number of ways that would prove advantageous to them, it is essential to realize that if you wish to sell your structured settlement, you will not incur any state or federal taxes. You should make sure that you understand your rights.

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Sell Structured Settlements - Information You Must Know

ByTom Hunt

Perhaps you have been involved in a lawsuit in which you have been awarded a lump sum payment as a result of some injury you have sustained from another party. You decide, however, that you do not want this payment in a lump sum, and opt instead, for installment payments. This payment arrangement is called a structured settlement and has many advantages. Unfortunately, circumstances can change and you may find yourself in need of the larger lump sum payment you had originally decided against. You can sell this settlement amount in order to receive a larger lump sum payment in lieu of the installment payments.

If you have a sudden need for immediate cash, it is comforting to know that you are not locked in to the structured settlement plan you originally accepted. Perhaps your expenses have not kept up with inflation or you have debts you feel pressured to pay or education expenses that exceed your original estimate. The option to sell gives you the financial flexibility to meet your obligations. You can sell the entire amount or only a part of it.

It is perfectly legal to sell structured settlements, but you should go through the court system to get approval for the sale. In addition, it is equally important to receive sound financial advice in order to determine if it is in your best interest to sell the entire structured settlement for one lump sum or to sell only a part of the structured settlement. You can find reputable companies online. It is important to contact more than one company in order to be able to evaluate the best deal. A structured settlement is an asset, and like anything you would sell, you want to get the best price possible. Let each structured settlement company know that you are shopping around for the best offer.

It is important to keep in mind that your settlement payment will be purchased at a discounted price. This is how the companies that pay you make their money. Even though you will receive less money than the original lump sum payment, it will provide you with the immediate cash that you need. It is equally important when beginning the process to sell that you make sure you are the owner of the settlement and have the right to sell it. Sometimes an insurance company owns the note and you are just receiving the installment payments. If that is the situation, you cannot sell because it is not yours to sell.

Anyone who decides to sell their settlement should be sure to deal with a reputable company. Some of the better known companies are J. G. Wentworth, Stone Street, America's Note Buyer, and Novation Capital. Selling a settlement is a major financial transaction and can have tax consequences. Be sure you check with a lawyer who is experienced in selling structured settlements as well as a financial advisor in case there are tax consequences.

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Sell Structured Settlements - What You Need to Know.

By Samantha Mary King

If you're involved in a court case like an accident, as a claimant, you may have agreed to an out-of-court agreement known as the structured settlement. This settlement is a succession of payments or annuities that are given out over a certain period in order to help you shoulder the current and other imminent expenses.

Get Immediate Cash When You Sell Structured Settlement Payment,

By Jim Woodruff.

With all of the recent economic uncertainty, loss of jobs and reduction of incomes, you may want to consider to sell structured settlement payments to get immediate cash. If you have been receiving small monthly payments from a personal injury claim, the future payments can be sold to generate cash now to pay shortages in cash flow. Making a quick search on the internet will find plenty of buyers who are anxious to purchase structured settlements.

A cash-out structured settlement sales will give the owner immediate funds to be used to make mortgage payments, pay unanticipated medical bills, cover college costs of tuition and housing and even just to pay current living expenses. You can even sell just a part of the future payments to get enough cash for the immediate needs: you don't have to sell the entire settlement payments.

If you are think about selling your structured settlement payments, first check with your local state authorities to be sure that a sale is allowed in your state. Most states have enacted a Structured Settlement Protect Act that protects annuitants and requires a full disclosure of all of the terms and conditions of the sale. They will usually require a "cooling off period" and recommend that you obtain independent professional advice on the advisability of your sale. A judge will consider the merits of your request and render a decision on whether the sale is in your best interest. He will investigate your financial condition and consider the intended use of the cash to make his decision.

The court will only allow an individual to sell payments that have resulted from a court-ordered personal injury law suit. State and federal laws do not permit the sales of structured settlement payments from workmen's compensation claims.

The decision to sell structured settlement payments should be considered very carefully. Most people have never been involved in this process before, but the potential buyers have considerable experience and know all of the nuances of the terms of a sale. The requirement to get court approval is not intended to impede the process, but to protect the annuitant. The individual should thoroughly educate himself and stay very involved in the proceedings. This decision is very serious and can have a significant financial impact, and each individual should get outside legal advice from a lawyer who is very familiar with the process. This is not a decision to be taken lightly, but it can be a godsend under the right terms and conditions.

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