Kamis, 10 September 2009
Before You Enter Into a Structured Settlement
Not all plaintiffs have the luxury of choosing whether part or all of their settlement will be structured. For example, a number of states require that certain future damages awards be paid in installments as opposed to in a lump sum, or permit a defendant to petition the court to pay future damages in installments. However, where a plaintiff can choose between a structured settlement or lump sum payment, care should be taken to make the correct choice. Benefits of a structured settlement include possible tax avoidance, preservation of settlement funds for future care and future needs, and coordination of settlement proceeds with other benefits or public assistance. Disadvantages of a structured settlement include possibly not having the available funds to make necessary purchases, or even desirable discretionary purchases, high commissions on the purchase of annuities, and a low yield as compared to other investment options. Also, if payments are equal, each payment will actually be reduced in real value as compared to the prior payment due to the effect of inflation.
Langganan:
Posting Komentar (Atom)
addme
Postingan Populer
-
Annuities have been getting a lot of scrutiny in the press lately. Financial advisors and insurance agents are receiving a lot of these co...
-
A lot of people are not aware that the structured settlement can be used to their advantage because it can help them gain some profit; t...
-
One of the best options for a person who is looking to secure your financial future is to take benefit of self managed funds. Several peop...
-
With the way our economy is behaving today, it is but proper that we devise ways on how we can make better finance choices that we have to...
-
Often it is a combination of structured settlement and annuities that are granted to a claimant by a personal injury court. These two ar...
-
There are companies that specialize in getting you cash for structured settlement payment or annuity payment plans that you may have. If...
-
A structured settlement factoring transaction describes the selling of future structured settlement payments (or, more accurately, rights to...
-
If you've received a hefty sum of cash, the money may be paid to you in increments, a plan known as a structured settlement . Whether...
-
Not all plaintiffs have the luxury of choosing whether part or all of their settlement will be structured. For example, a number of...
-
The market includes lots of companies, which are specialized to buy structured settlements . They have the expertise and they will connec...
Tidak ada komentar:
Posting Komentar