Structured-Settlements
Options for Lawsuit Settlement Winners Receiving Periodic Payments
On January 22,2002, President George W. Bush signed into law a bill that protects individuals who must sell their structured settlement payments to meet unplanned financial needs. H.R.2884
Victims of Terrorism Tax Relief Act of 2001 (Signed by the President January 22,2002))
Under a structured settlement, a lawsuit plaintiff will not receive compensation in one lump sum but will receives a periodic stream of payments according to the terms of the structured settlement. This bill makes it mandatory for individuals to seek court approval when they sell their structured settlement payments to meet some urgent financial need.
Sometimes circumstances in life arise for individuals who are receiving a structured insurance settlement.? Now they are in a position to consider selling all or a portion of their scheduled payments in exchange for a lump sum of cash upfront. Researching and exploring for the best deals available will definitely prove beneficial to the individual who is selling their insurance settlement. Big picture wise, don't rush, be sure to do your homework before selling a structured settlement and find out what the best terms and options are available from a buyer of structured settlements.
Some quick tips when searching for a settlement buyer:
1. Call around and compare information and rates
2. Check your top option with the Better Business Bureau
3. Consult an attorney, financial planner, and/or tax advisor
4. Ask Questions
Since your?future and plans are at stake, acquiring necessary knowledge and information well in advance, is a simple matter of common sense.?
Jason M Rigler
National Director
?Jason Rigler
Tags: structured settlement, lawsuit payments, annuity buyout, personal injury settlementSimilar articles
Insurance Settlements
Before understanding the concept of insurance settlements, it is important to understand the term structured settlements. Structured settlements are basically periodic payments made to a consumer as a result of a personal injury lawsuit. Read more →Licensed Senior Settlement Company
A Senior Settlement Company is an establishment that buys unwanted policies from senior citizens and sells them off to other interested parties. The company becomes liable for all further premiums on the policy and its benefits, once the policy is bought by it from the original policyholder. Read more →Personal Injury Settlement Loans
Many victims of personal injuries cannot afford the expenses involved in litigating for an injury settlement, even though they may have a genuine case. Read more →Putting Up Structured Settlements For Sale
So what is structured settlements for sale really all about? The following article includes some interesting information about structured settlements for sale,info you can use, not just the old stuff they used to tell you. Read more →Aphorism
We do not have, never have had, and never will have an opinion about where the stock market, interest rates or business activity will be a year from now.
Warren Buffett