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To Sell or Not to Sell your Structured Settlement - That is the Question
The answer to that question is difficult. The question you might ask yourself: Do I need all the money now or just some? You might want to sell off some payments and keep the rest or sell part of your payments and that way you can receive a reduced amount each month.More -
Need Money in a Hurry Than Selling Your Structured Settlement May Not Be The Answer
Need money in a hurry, than selling your structured settlement may not be the answer. It can take anywhere from six weeks to four months to get your money. Why you may ask?More -
Five things NOT to do when Selling your Structured Settlement
One: Don't sell to the highest bidder. Why? There is what is called High Balling.More -
What You Need to Know Before Selling Your Structured Settlement Payments
Before the state structured settlement protection statutes and the Victims of Terrorism Relief Act of 2001 which created §5891 of the Internal Revenue Code, any one wanting to sell their settlement payments were on their own. The sale of structured settlement payment rights today requires a Court in your state to review and, if appropriate, make a "qualified order" approving the sale of such payments or a hefty 40% excise tax is applied. The concept of Court approval is intended to protect you from entering into a deal that is not in your best interest.More -
So You Are Thinking About Getting Cash For Your Structured Settlement
So you are thinking about getting cash for your structured settlement. Then there are some questions that you need answers to before cashing your structured settlement annuity. First, find out how long the broker has been in the structured settlement industry.More -
What Is An Structured Settlement Exactly?
It is an annuity issued by an insurance company. An annuity is the mathematical liquidation of both principal and interest. Why a structured settlement annuity is special is that it has a tax free payout.More -
Don't Be in Such a Hurry to Sell Your Structured Settlement
Remember why your structured settlement was set up in the first place. Was it to pay for medical expenses on a ongoing basis or to take care of basic monthly living expenses? If the reasons your structured settlement was set up for don't exist any longer, then you might want to consider selling it.More
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