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  Category: Articles » Finance » Article
 

How to Get Cash From a California Structured Settlement Company




By Frank Dotson

There are many resources online that offer detailed information on California structured settlement companies. A person wishing to sell his structured settlement should visit these sites so that his selection process becomes easier. The free quotes offered online help the seller to find out the minimum that he can get on the sale of his structured settlement.

California structured settlement companies purchase structured settlements from individuals and have business relations with insurance companies all over America.

A seller can receive a lump sum payment from the settlement company only after the sale has been approved via a written court order. The court order states that the sale is indeed in the best interests of the seller and his dependents. Various sections of California state law need to be met before the lump sum can be transferred. The seller should initiate the sale process keeping in mind that it can take a minimum of thirty days from the day the seller signs an agreement selling his rights to the structured settlement. Sellers are free to cancel the agreement before the court approval takes place

The purchase of a structured settlement by the buying companies is done on the basis of the effective equivalent interest rate; therefore sellers should scout the market for buyers that offer the best rates. The process of obtaining cash from a California structured settlement company involves several expenses such as commissions for the brokers, application fees, service fees, closing expenses, fees incurred during the legal procedure, and notary fees. These expenses are usually borne by the structured settlement company.

Sellers should approach a financial advisor only after doing their homework so that they can obtain maximum benefit from their advice and clinch a deal as early as possible. This is because under California law, independent professional advisors such as certified public accountants and actuaries, who advice claimants on the legal and financial implications of a settlement sale, have to be paid their fees even whether or not their advice results in the sale of a settlement.

Sellers and buyers should take note of the fact that a structured settlement sale without a court order can attract a hefty tax for both parties. It is imperative that sellers be on their guard while dealing with buyers; there is a process involved in the sale of a structured settlement and if a buyer suggests anything to the contrary, it is best to avoid him.
 
 
About the Author
Frank Dotson recommends that you visit http://www.structured-settlements-guide.com/2006/03/do_i_really_nee.html for more information on a structured settlement company.

Article Source: http://www.simplysearch4it.com/article/37022.html
 
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  Some other articles by Frank Dotson
How to Get Money For a Structured Settlement
Often, owners of structured settlements are faced with a liquidity crisis that necessitates the sale of a part of the structured settlement. The reasons for selling a structured ...

How to Get Cash For Structured Settlement
It is not very difficult for a person who has acquired a structured settlement to trade it for cash. Irrespective of the source of the structured settlement, ...

Getting Cash From a California Structured Settlement Company
There are several established structured settlement companies in the state of California. These companies have a strong online presence which makes it easy for sellers to ...

Get Cash Flow For a Structured Settlement
There are various companies that offer a lump sum payment in exchange for cash flow streams generated by structured settlements. Beneficiaries of structured settlements often have to sell settlements when ...

Get Cash Flow For Structured Settlement
Structured settlements are offered for a variety of reasons. It is possible for recipients of a structured settlement to trade them for cash flow so as to meet any ...

Getting a Cash Payout On a Structured Settlement
It is not uncommon for people who are beneficiaries of a structured settlement to sell some or all of the settlements for a cash payout. ...

  
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