State and federal law may restrict the sale of structured settlements, and there are many legal complications that can arise. Since you'll be exchanging cash for the right to receive future payments, you'll want to make sure that you are protected.
There are many situations in which people receive structured settlements. Structured settlements are an alternative to lump sum payments. They are frequently used with lottery winnings, legal judgments, insurance settlements, and other situations where recipients choose to receive an annuity instead of a lump sum payment. There is a secondary market for structured settlements. They are much like a bond. Here is how you go about purchasing a structured
1. Work with an established broker.
2. Look for a structured settlement financing company who is a member of the National Structured Settlements Trade Association who also places settlements with private investors.
3. Get multiple quotes to ensure you get the best deal.
4. Retain an attorney to review the agreement to ensure your interests are protected.
How to Purchase Structured Settlement Plans
No comments:
Post a Comment