Quite a few people who have obtained a structured settlement through their personal injury or workers' compensation claims, wonder if they should try get a sale for their structured settlement in return for a payment in lump sum. This may be a number of things, relatively modest curiosity, piqued by an advertisement announcing "The money is yours!", a promise of a cash on the spot payment,or it may be based upon a more dire need for funds. However, the sale of a structured settlement is not so easy and not always possible. Then of course you have to decice if the sale of a Structured settlement is an economically wise decision.
Your Structured Settlement Should Work For You
The best time to decide whether a structured settlement is right for you or not is before you consent to such one such structured settlement. You may wish to press for a lump sum amount, for periodic lump sum payments in addition to smaller annual payments, or for a lump sum payment that can be issued at a future date when you anticipate a particular need. If a package in consented upon that is in your best interest at the outset, you will be able to maximize the value of your settlement and get the greatest tax benefit from the structured settlement.
Remember that companies which purchase structured settlements intend to profit from the purchase of your structured settlement. Their profit comes out of the structured settlement payments you would otherwise be receiving.
Another aspect of the sale is the fact that if your future earning capacity has been impaired as a result of your injury, you should consider your future needs when you are making any decision regarding the sale of your structured settlement.
Your Structured Settlement Should Work For You
The best time to decide whether a structured settlement is right for you or not is before you consent to such one such structured settlement. You may wish to press for a lump sum amount, for periodic lump sum payments in addition to smaller annual payments, or for a lump sum payment that can be issued at a future date when you anticipate a particular need. If a package in consented upon that is in your best interest at the outset, you will be able to maximize the value of your settlement and get the greatest tax benefit from the structured settlement.
Remember that companies which purchase structured settlements intend to profit from the purchase of your structured settlement. Their profit comes out of the structured settlement payments you would otherwise be receiving.
Another aspect of the sale is the fact that if your future earning capacity has been impaired as a result of your injury, you should consider your future needs when you are making any decision regarding the sale of your structured settlement.
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