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Structured Settlements
Is a structured settlement right for you?
You might find yourself re-considering this option. Remember,
the structured settlement will be paid over a course of
time in several installment payments equalling the whole.
This can be good or bad, depending on your personal needs.
It's looked upon as a secure and safe way
to budget your funds properly, eliminating the chance of
accidental overspending. It's also important to note that
structured settlements are tax-free. All payments made via
a structured settlement are nontaxable by federal tax guidelines
(IRS Section 104(a)(2). 100% of every payment is tax exempt.
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However, it's possible to sell structured settlements,
and people do this all the time. There are firms that buy structured
settlements and you have the option to sell to them. This provides
you with a large one lump sum payment rather than the installment
payments you would be locked into with your structured settlement.
There are some very trustworthy firms that will
buy your structured settlement, J.G.
Wentworth The Leading Purchaser of Structured Settlement and
Annuity Payments are among the top of the list. They are one of
the leaders in the business with 15+ years experience purchasing
more than $2 billion of future payments, including structured
settlements and annuities, from over 50,000 customers.
Another firm to consider would is Patriot
Settlement. They go the extra mile in helping people obtain
a large lump sum of cash now for their future payments from a
Structured Settlement, Annuity or Lottery award.
Novation
is a direct buyer of structured settlements. They provide cash
now, in a lump sum, for people who are receiving payments over
time, but need their money now.
You can get your free consultation at American
Financial, it might be the best place to start if you're undecided.
Choosing the right specialty finance company to
work with is an important decision, and many people do not know
where to turn for advice. The Structured
Settlement Alliance is designed to help you get the most money
for your structured settlements and annuity payments. The SSA
helps to make this process easy for you by matching you with the
best possible financial institution to handle your settlement,
and letting you decide how to proceed -- putting the control where
it should be, in your hands.
Annuity
Purchases offers a free quote as well. Their programs can
help convert your long-term income from an annuity into cash that
you can use today. While annuities serve an important role and
often meet the payees' needs as originally planned, they are inflexible
and incapable of resolving unplanned, immediate financial needs.
Another firm worth mentioning is Settlement
Funding. Fill out their short form, and receive immediate
quotes from top structured settlement funding companies, as well
as free information on structured settlements, settlement selling
tips, and your rights as a structured settlement owner. To get
cash now for your structured settlement or annuity payments, explore
these respected firms for yourself and decide which is best for
you.
Remember:
Under a structured
settlement, an injured victim doesn't receive compensation
for his or her injuries in one lump sum. They will receive a stream
of tax-free payments tailored to meet future medical expenses
and basic living needs. A structured settlement may be agreed
to privately (for example, in a pre-trial settlement) or it may
be required by a court order, which often happens in judgments
involving minors and incapacitated adults.
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