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  Category: Articles » Finance » Article

How to Get Money For a Structured Settlement

By Frank Dotson

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 settlement can include an emergency medical expense and business opportunities. Structured settlements are sold to buyers directly by the seller or through a broker.

Buyers of structured settlements usually have a number of alternatives to offer to sellers so that they can choose the best possible option for selling either a part of or their entire settlement. It is possible to sell a few years' worth of structured settlements and at the same time enjoy the benefits of regular payments through the remaining structured settlements.

It is in the interest of the seller to take the advice of a financial advisor and a lawyer who can guide him regarding the various legal requirements and tax requirements that often vary from state to state. Apart from state laws there are federal regulations too that govern the sale of structured settlements. Certain insurance companies do not pay the annuities to anyone except the original beneficiary. The buyers are bound by law to give a break-up of the value of settlement sold, the amount paid, and the difference therein. A court sanctions the sale of a structured settlement only if it is convinced that the sale is in the best interests of the seller and his dependents. A court-approved sale of structured settlements is tax-free for both the buyer and the seller.

The costs involved with obtaining a structured settlement vary with the buyers. If a broker is involved in the sale, he is paid a commission by the buyer, which in reality is funded by the seller. However, availing the services of a broker can also be beneficial as it exposes prospective sellers to the maximum number of buyers. Brokers can impart their knowledge to the lawyer or financial advisor of a seller; this ensures that the sale process happens smoothly. Sellers should check out multiple companies so that they can have a positive experience with an honest buyer and get as much cash as possible from the sale of their settlement. In the sale of a structured settlement, there are no out-of-pocket expenses for a seller; the buyers deduct their portion and the cost of the legal expenses before paying the lump sum.
About the Author
Frank Dotson recommends that you visit for more information on selling a structured settlement payment.

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  Some other articles by Frank Dotson
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, whether from an insurance claim or an out-of-court settlement, ...

How to Get Cash From a California Structured Settlement Company
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 ...

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 ...

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 ...

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 ...

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 ...

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