Kamis, 10 September 2009
Selling a Structured Settlement
If you have a structured settlement, you may have been approached by a company interested in purchasing your settlement, or may be curious about selling your settlement in return for a lump sum buyout. About two thirds of states have enacted laws which restict the sale of structured settlements, and tax-free structured settlements are also subject to federal restrictions on their sale to a third party. Also, some insurance companies will not assign or transfer annuities to third parties, to discourage the sale of structured settlements. As a consequence, depending upon where you live and the terms of your annuities, it may not be possible for you to sell your settlement. Keep in mind that companies which buy structured settlements intend to profit from their purchase, and sometimes their offers may seem quite low. You may benefit from approaching more than one company in relation to the sale of your settlement, to make sure that you obtain the highest payoff. You also want to be sure that the company which wants to buy your settlement is established, well-funded, and reputable - you don't want a fly-by-night outfit to obtain the rights to your annuities but to disappear or go bankrupt before paying you the buyout money. You may have to go to court to get a judge to approve the buyout. It is usually a good idea to consult with a lawyer before entering into an agreement to sell your settlement.
Langganan:
Posting Komentar (Atom)
addme
Postingan Populer
-
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...
-
Companies that purchase structured settlements will buy out your future payments in exchange for advancing you money now, minus their fee. T...
-
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...
-
There are companies that specialize in getting you cash for structured settlement payment or annuity payment plans that you may have. If...
-
If you have a structured settlement, you may have been approached by a company interested in purchasing your settlement, or may be ...
-
A structured settlement loan has been known to be helpful especially to anyone who will be in need of financial aid before the structure...
-
When a person will buy structured settlement he will at the same time plan a part of his financial future. The structured settlement is ...
-
Though it might sound cliche but there is this smart ass comment which says that there is nothing like impossible because the word -imposs...
-
A structured settlements purchase can be sold in the majority of states in the U.S. In most instances, the process for a structured settleme...
-
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