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FAQ About Structured Settlements

Written by Dian Herdiana on 6:35 AM

When you learn that you are going to receive a structured settlement, a lot of times you have
questions about what a structured settlement is. So here are some of the more frequently asked questions about structured settlements.

1. Am I able to put down structured settlements as collateral for a loan?
Usually, it is not able to be listed as collateral, but one way that it does help is that you are able to list it as a form of income. This is able to be very helpful if you are making a big purchase, like a house.

2. What is the definition of a structured settlement?
A structured settlement pays the person who has won the settlement over a period of time, instead of just paying all at once.

3. Am I going to receive interest on money I get from a structured settlement?
The interest that you get from a structured settlement includes any interest that you would get from it, and that is tax-free. You are not going to receive interest from it.

If you are going to get a structured settlement, do not be afraid to ask questions if there is something that you do not understand. Make certain that you are satisfied that you understand everything and that everything is clear to you and to your attorney.

Once the papers are signed, it is non negotiable and you have to be happy with what you have been given, so it is a good idea to be clear on all the details. Ask all of the questions that you want to know, and get all of the facts.

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Why Do Men and Women Sell Their Structured Settlements?

Written by Dian Herdiana on 3:23 AM

Why Do People Sell Their Structured Settlements?

There are plenty of men and women who receive structured settlements, and some of them are happy with getting that set amount each month. But some of them decide that they are not happy with waiting for the money, they want it right away.

There are a few reasons why men and women decide to sell their structured settlement in order to get their money in one lump sum.

1. Money for emergency - One reason that men and women sell structured settlements is that an emergency comes up, like a needed operation. No one knows when something might come up for themselves or for a member of their
family.

2. Money to invest - Another reason is that they want to invest some of the money. If the stock market is in good condition, they might choose something to invest in with the money they get from the lump sum settlement.

3. Money to spend - Something that men and women who have received a structured settlement want to do with a lump sum is to buy a house, or maybe take a trip.

4. Money for the future - It is sad to say, but sometimes men and women who are receiving a structured settlement have a shorter lifespan because of their injuries, so they want to make sure that their family is taken care of.

No matter what men and women choose to do with the money they receive from selling a structured settlement, some people find that this is the right choice for them.

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Benefits of Structured Settlements

Written by Dian Herdiana on 2:04 AM

Benefits of Structured Settlements

When faced with a decision about having a structured settlement, or going with a one lump sum payment, there are a few things to remember. In some areas, it is found to be better to have the structured settlement.

Here are the benefits of choosing the structured settlement.
1. The money from a structured settlement is not liable for taxes.
2. When you receive money over a period of time, instead of all at once, you do not usually have to worry about the men and women who go after those with a lot of money.
3. Recipients of structured settlements do not usually have the problem of where to invest the money. They are using it for their day-to-day living expenses.
4. Very often, when a structured settlement is offered, there is not a worry about having to go to court. It is usually settled out of court, and the men and women who is being offered the structured settlement saves court costs.

The lure of a big sum of money makes men and women really consider selling their structured settlement for cash. But as we have seen, the structured settlement is able to really be the better of the two choices.

Often times, when men and women have a big sum of money they forget that the money is not going to last forever. They going on a spending spree and the money is gone before they know it. With a structured settlement, you are sure to have money for the future and there is not the worry about spending it all at once.

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