Structured Settlements – Good Choices for People with Limited Financial Planning Experience Structured settlements are annuity policies that are generally given to winning plaintiffs of personal injury claims. These types of policies provide payments for a certain period or for the lifetime of the recipient. In turn, recipients can meet any future financial obligations without worry. Regular payments are often preferred over a cash settlement, especially if the recipient has limited financial planning experience. Annuity [...]
Continue reading Why Structured Settlements are Better than Cash Settlements »
Structured Settlements – Annuity Payments Established from Personal Injury Claims Structured settlements are annuity payments that are established, in most cases, for a plaintiff who wins a personal injury claim. Most defendants, in such cases, cannot afford to pay a lump sum payment so they will offer the recipient a series of payments for a specific length of time. These payments can also be transferred to your beneficiary should you pass away. Why Some People [...]
Continue reading How to Manage Sales and Taxes for Structured Settlements »
Some Structured Settlements Contain Anti-sale Provisions Structured settlements are annuities that are awarded to plaintiffs who win personal injury lawsuits. In some instances, recipients choose to sell their structured settlements in order to fund a child’s education, make a major purchase, or put a down payment on real estate. However, suppose you receive a structured settlement that contains an anti-sale provision in its policy? For instance, the annuity may contain language to the effect that [...]
Continue reading Structured Settlements: How to Handle Anti-Sale Provisions »
The Structured Settlement Protection Act – A Key Safeguard for Sellers of Structured Settlements If you will soon receive a structured settlement annuity or want to sell your structured settlement, then it is a good idea to have a basic understanding of the Structured Settlement Protection Act, which was implemented in 2002. This piece of legislation is especially helpful to know if you are planning to sell a portion of or all of your structured [...]
Continue reading Defining the Structured Settlement Protection Act »
The Definition of a Structured Settlement Structured settlements originated in Canada during the first part of the 70’s. The concept soon took hold in the U.S. and the world, including most parts of Europe. Usually, a structured settlement is the result of a bodily injury claim, where a third party or a surviving member of an individual’s family is awarded a settlement. The recipient receives the settlement package in regular payments, either for an established [...]
Continue reading Structured Settlements: Basic Information »
Cashing in a Structured Settlement or Annuity Many companies nowadays offer structured settlement recipients the chance to cash in their structured settlement, lottery winnings, or annuity. In many instances, a person who makes this financial decision has fallen into circumstances where he is in need of the cash. For those individuals who do not necessarily need a large cash payout though, it may be more prudent to receive your settlement or annuity amount in particular [...]
Continue reading The Temptation of Cashing in on a Structured Settlement »
