Structured Settlements Information

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A Structured Lawsuit Settlement Seemed Like a Good Idea at One Time


You are receiving payments spread out over months, years, even a lifetime.  It's great when the money arrives but the payments are often too small or too spread out to really satisfy your needs.  Careful research could yield more of your cash faster. There are some half dozen financial institutions with the knowledge and resources to effectively advance your future lawsuit payments.

While the rewards are obvious, the risks are not so easily understood. 

Once you identify an annuity buyout funding source, consult your attorney for an explanation of the legal requirements.

Beware some of the following pitfalls when obtaining an
 advance on your future lawsuit payments.

It takes time.
In most cases the industry-wide standard is several months. Some companies will tell you they can get your deal processed in weeks. Unfortunately, courts do not operate that quickly. Most people want a set time frame and need the money right away.

You have to go to court.
Most states have passed a Model Act that requires annuitants to obtain a court order prior to reassigning their payments.   A federal law levies stiff tax penalties on any advance obtained without a court order.  (Unless you are the "owner" of the annuity)

You will receive a discounted value of your future payments.
There are many variables involved. The rating of the insurance company making the payments, the size of your transaction and how far into the future the payments extend all affect the amount you will receive. Often it is less than you would expect.

You do not have to sell all your payments.

You can structure your purchase in multiple ways. For example, you can sell all remaining payments, a partial number of payments or a percentage of your payments.
It is recommended to not sell beyond 14 years of payments.

The freedom to accelerate the payout of your lawsuit annuity is yours, exercise it carefully.

Jason Rigler
Structured Settlement Counselor 
ppicash.com

 

MORE RESOURCES:

The #1 Reason Consumers Sell Their Structured Settlements Is to ...
EON, WA - Oct 28, 2008
“Approximately 71% of the surveyed consumers selling all or part of their structured settlements have held them for more than 10 years, and we believe that ...


LAWSUIT FINANCIAL ANTICIPATES CHANGES IN LEGAL CLIMATE
dBusinessNews Detroit (press release), MI - Nov 18, 2008
Lawsuit Financial will also provide attorney funding for litigation costs, structured settlements, expert witness fees, and pending attorney fees. # # #


Ringler Associates(R) Board Elects New Member Ann Marie VonBank
MarketWatch - Nov 3, 2008
VonBank has 17 years of experience in both the insurance and legal fields, focusing on structured settlements exclusively since joining Ringler Associates ...


Father paved way for Street's debut
Denver Post, CO - Nov 17, 2008
... and Nixon Coming" — on Monday, at the Austin, Texas, offices of The James Street Group, a financial firm that specializes in structured settlements. ...


Peachtree Renews Credit Facility for Purchase of Lottery Prize ...
MarketWatch - Nov 3, 2008
Through its group of affiliated companies, Peachtree caters to people seeking to sell structured settlements payments, annuity payments, lottery prize ...


Stone Street Capital Sponsors Charity Golf Classic to Benefit the ...
MarketWatch - Nov 5, 2008
For 20 years, Stone Street Capital has helped thousands of people receive cash for their structured settlements, annuities, lottery prizes, and other future ...


SeniorJournal.com

Medicaid Picture Changing Rapidly for Senior Citizens Holding ...
SeniorJournal.com, TX - Nov 5, 2008
... largest purchaser of future payments, offering a lump sum of cash to individuals who hold assets in the form of structured settlements and annuities. ...


Imperial Finance & Trading, LLC Employees Participate in Health Fair
Business Wire (press release), CA - Oct 30, 2008
(BUSINESS WIRE)--Imperial Finance and Trading, LLC, a leader in premium finance for life insurance, life insurance sales and structured settlements, ...


Hallmark Financial Services, Inc. Announces Third Quarter 2008 ...
istockAnalyst.com (press release), OR - Nov 12, 2008
... STOCKHOLDERS' EQUITY ------------------------------------ Liabilities: Notes payable $ 61760 $ 60814 Structured settlements -- 10000 Reserves for unpaid ...

Structured-Settlements - Google News

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