FINANCIAL FREEDOM: structured settlement

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 Get Structured Settlements

Written by Dian Herdiana on 7:02 PM

Why Do Men and women Get Structured Settlements

There have been plenty of commercials that talk about structured settlements and how there are companies that are going to pay you for your structured settlement. But some men and women wonder why men and women get structured settlements.

There are a few reasons why someone are going to get a structured settlement. Some of the reasons are listed below.

1. Someone may be awarded a structured settlement when they have gotten an injury that is going to require long-term treatments, where there may be medical costs in the future, and the structured settlement is to help meet the expenses of family and living.

2. Another reason that someone might get a structured settlement is when it has to do with workman's compensation. The men and women who were injured may be unable to work or is unable to work and earn the money that he or she was making before they were injured.

3. A disability that is either temporary or permanent, and that is going to take a lot of time to recover.

4. A case of wrongful death so that the survivors of the deceased have a regular income because a source of income, such as a parent or a spouse, has died.

These are just a few of the reasons why some person might be offered a structured settlement. There are other reasons, but these are the main ones.

If you are someone who may be entitled to a structured settlement, it's a good idea to have legal
representation so that they make certain you are taken care of.