In traditional settlements, compensation for damages has usually consisted of a single cash payment. Alternative arrangements know as structured settlements were created in the 1980's. Under these arrangements the beneficiary would receive cash structured settlement payments on a periodic basis. This guaranteed stream of annuity payments could be paid over a period of months, years or a complete lifetime.
Continue Reading Cash Payments or a Structured Settlement?Tip: Don't Sell All Your Payments If You Don't Have To
Calculating the present value of your future payments is complicated math. You need to consider time, use a rate set by the IRS, and then factor in other costs before you can calculate the value of your payments today. In many cases it is better not to sell the entire amount you expect from structured settlement personal injury payments, annuity payments, or lottery payments, if you can help it. You never know what the future holds. Receiving a percentage of your original payments in the future could be important down the road.
Continue Reading Tip: Don't Sell All Your Payments If You Don't Have To
Helping Address Our Clients’ Immediate Financial Concerns
Selling structured settlement payments from a personal injury lawsuit settlement — or selling any other form of future payments — will cost you a portion of the settlement's value which you would have received in payments over time. These transactions can be expensive, but so is not addressing current financial concerns or taking advantage of financial opportunities. By helping our clients sell their structured settlement payments, annuity payments, and other forms of future income, we are proud to assist our clients in addressing their financial needs now, when it matters most.
Knowing how much money you need is important, as is knowing the use to which you will put the money. Selling structured settlement payments requires a court order approved by a judge. The judge decides if the transaction is in your best interest. You might consider selling only a portion of your payments, leaving the rest of your payments for the future. Selling only a portion of your settlement makes it easier to gain court approval and helps you maintain better long-term financial stability. As a reputable purchaser of structured settlement payments, Structured Settlements Investments will go to great lengths to ensure the accurate presentation of your financial circumstances in court and that the transaction is in your best interest.
How much can you sell your structured settlement annuity payments or personal injury payments for right now, if the judge determines that it would be in your best interest? The answer depends on how much money your payments are expected to provide, and the amount of time in which the payments are to be made.
When to Sell Structured Settlement Personal Injury Payments or Other Future Payments
When considering whether to sell future payments, the value these payments will have in the future may not be the most important deciding factor. Often, current, not future, financial circumstances are most important. In other words, how much money do you need right now, and does that need outweigh the cost of selling your structured settlement payments from a personal injury claim, annuity payments, lottery payments, or any other form of future income?
We can help you improve your financial situation should you decide to sell your structured settlement payments from a personal injury or other lawsuit settlement, annuity payments, lottery payments, or other type of future income. If you would like to explore your options, contact Structured Settlement Investments today for a consultation.
Why Structured Settlement Investments?
The people behind Structured Settlement Investments have years of experience helping lawsuit settlement recipients get a cash advance for their future payments. We know that the best way to secure court approval in the selling of structured settlements, and the best way to maximize your financial security, is to develop options in your best interest. We understand the state and federal requirements, and believe in the overriding “best interest” regulations. Consequently, we have developed flexible plans to meet our clients’ diverse financial situations and needs. We also have set up procedures that speed up the entire process.
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When Could Cash for a Structured Settlement Be a Better Option?
Structured Settlement Investments helps clients sell their structured settlements; allowing lawsuit settlement recipients to obtain cash advances on future payments and meet current financial needs. Our firm can also structure the purchase and payout to leave portions of your settlement payments intact. The following situations, among others, could mean that selling your structured settlement payments could be the best option for you.
* You need expensive medical treatment
* Structured settlements with better terms are available in the market
* Your personal or business situation has changed and an immediate sum of cash would be in your best interests
* An alternative investment would provide you with more financial security
Court Approvals When Selling Structured Settlements
If you are considering selling your future payments, you will need to go through a court process to determine whether doing so is in your best interest. You would have to prepare for this court appearance in advance — either on your own or with our help. The goal would be to convince the court that your interests would be better served by an immediate lump sum of cash. In helping you prepare for your court appearance, our team will fully examine your financial needs, present situation, the terms of the structured settlement or annuity payments, the laws in your state, and other relevant aspects to develop a plan that is likely to get court approval. If we believe court approval is unlikely, and that the sale is not in your best interest, we will advise you not to proceed.
Continue Reading Court Approvals When Selling Structured Settlements
