Cash for Structured Settlement Payment
Injuries from an accident or medical malpractice can be life-changing. However, receiving a litigation settlement in the form of a large lump sum payment may not always, in the long term, be beneficial to the recipient. Indeed, the history of tort litigation (civil litigation other than breach of contract) is littered with claimants who have wasted their lump sum payments on poor investments and unnecessary purchases. Because of this, the United States government introduced structured settlements in 1983, allowing claimants to receive a stream of tax-free payments spread out over multiple years rather than a single large payment.
Despite the many benefits of structured settlements, there are times (but certainly not always) when smaller payments spread over a number of years might not fit your immediate needs. Perhaps you have a child in college, large medical expenses or have debt hanging over your head. A steady stream of money coming in, while nice to have, may not do you much good in these cases - especially if you're unable to work. Perhaps you are elderly and want access to a larger sum of money while you are still active. Or perhaps you believe you can invest your award at a better rate of return than the settlement provides. There are, for a minority, reasons for wanting access to a large sum of money right away. In these cases you may want to consider getting cash for your structured settlement payment.
Selling your structured settlement for cash can be a confusing process. Fortunately, our cash for structured settlements payment guide has a lot of the information you need, if appropriate, to turn your structured settlement into cash.
Learn the basics of how to turn the future annuity payments from structured settlement plans into ready cash, and check out our list of myths and facts about structured settlements.
Compare and Find Settlements Buyers
Read this section for information on finding buyers of annuity payments - and finding the arrangement that could work best for you.
Cash for Structured Settlement Glossary of Terms and FAQs
Selling your structured settlement for cash can be complicated. Check out our FAQs and glossary section to help clarify the process of getting cash for your structured settlement.
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Our first section includes information on how structured settlements work, and how you can turn them into cash. Keep reading to learn about cash for structured settlement payment plans.