Friday, November 30, 2007

Deciding to Sell a Structured Settlement

Filed under: Structured Settlements — Structured Settlement Expert @ 5:46 pm

Structured settlements are designed to meet the ongoing financial needs of those who settle a personal injury case. When most people think of financial settlements in connection with a court case of this type, they may assume that the claimant is written a large check for their total award. Yet, this is often not the case; rather in many cases, the recipient is given a structured settlement, whereby the total amount of their settlement is divided into payments. The recipient then receives these payments periodically through an annuity that is set up to make the payments.

Ultimately, a structured settlement is designed to avoid dealing with a lump sum of money — the recipient is able to budget their payments to meet their ongoing financial needs. However, because of changing financial circumstances, there may come a time when the structured settlement recipient may consider selling all – or some – of their future payments.

Deciding to sell structured settlement payments is completely dependent upon the recipient’s current needs. They may be dealing with significant debt, or facing large medical bills, or even struggling with the threat of foreclosure on their home. In such cases, the sale of future structured settlement payments in exchange for a large sum of money that can meet these needs may be advisable.

Popularity: 19% [?]

Wednesday, November 28, 2007

Bids for the Sale of Structured Settlements

Filed under: Structured Settlements — Structured Settlement Expert @ 7:56 pm

When offering items for sale, many of us will gather bids from interested parties before making our decision as to whom we will sell our goods or services. The Internet has furthered this process, as buyers and sellers have access to each other like never before, allowing those who are interested in selling their products the ability to gather bids from interested buyers around the country – and even around the world.

Today, even those interested in selling more complex commodities – such as structured settlements – have the ability to collect bids from interested parties. Structured settlements are financial arrangements that allow for payments to be made to the claimant in a personal injury case. Instead of a lump sum of money being turned over to the claimant, however, the structured settlement allows for ongoing payments - as made from an annuity set up for this exact purpose. The recipient then receives their money through payments that come on a periodic basis.

However, it may come to pass that financial circumstances change and the structured settlement recipient is in need of a lump sum of money, rather than the ongoing payments. Such circumstances may include the accumulation of significant debt, the threat of foreclosure, education expenses, significant medical expenses, and the like. In such a case, the recipient may decide to sell some or all of their future structured settlement payments in exchange for a lump sum of money.

Through the gathering of bids the structured settlement recipient can be assured to get the fairest price for their sale. Even if, however, the recipient gets several bids, this sale must be approved by a court.

Popularity: 22% [?]

Monday, November 19, 2007

Selling a Structured Settlement

Filed under: Structured Settlements — Structured Settlement Expert @ 3:10 pm

Those who receive periodic structured settlement payments do so in accordance with terms agreed upon by both parties. Injured parties often receive a structured settlement that pays them in ongoing periodic payments instead on one large payout.

When a structured settlement receives an annuity, it is set up through a third party. Going forward, the structured settlement recipient receives recurring payments from the annuity for the life of the settlement terms.

There are times when the recipient needs may change requiring a lump sum of cash rather than having to wait for their periodic payments. Such circumstances may include the need to pay down significant debt or pay for large expenses such as an education.

In these cases of financial need, the courts may approve a structured settlement recipient selling all or part of their future payments. The recipient can turn to a company that will purchase their structured settlement and their future payments in exchange for a lump sum cash payment.

Popularity: 21% [?]

Friday, November 16, 2007

The Worth Of Structured Settlement Payments

Filed under: Structured Settlements — Structured Settlement Expert @ 5:26 am

Oftentimes, as a result of a personal injury case, inured parties receives a sum of money as compensation for their injuries. In years past, the injured party would be paid in one lump sum. But in the early 1980s, laws were enacted that provided for the structured settlement; as opposed to receiving this financial award all at once, the injured party would instead receive periodic payments that are funded by an annuity set up for this purpose.

The size of a tort settlement is often based on a number of significant factors - the specific injuries involved and the expenses associated with such injuries going forward, including medical expenses, loss of wages, and everyday living. This total amount is also subject to inflation – as determined by the amount of time over which the recipient will receive payment, or will be suffering the impact of the tort injury.

There are times, however, when the recipient is in need of a lump sum of money for particular expenses, such as medical bills, debt, and education costs, among others. In these particular circumstances, the recipient may appeal to the courts to allow them to sell all or part of their future structured settlement payments. If approved, the structured settlement recipient can sell their payments to a company that purchases such payments in exchange for a lump sum of money.

Popularity: 21% [?]

Thursday, November 15, 2007

The History of Structured Settlements

Filed under: Structured Settlements — Structured Settlement Expert @ 9:54 pm

Structured settlements are the result of a personal injury legal case and are financial arrangements wherein the injured party is provided a settlement through a series of periodic payments. A structured settlement is essentially a payment solution that allows for ongoing payments to the injured person .

In 1982 Congress ratified the Periodic Payment Settlement Act. This act created an alternative financial solution in personal injury cases. They allowed those receiving the funds to receive money through periodic payments.

However, there are circumstances in which the recipients of structured settlement payments feel trapped by their payments, especially in the face of extenuating financial circumstances that require a lump sum of money.

In such cases, recipients may choose to forgo the ongoing periodic payments and instead sell all or part of their future structured settlement payments. The purchasing company will, in turn, provide the recipient with the lump sum of money that they require.

Popularity: 22% [?]

Wednesday, November 14, 2007

Determining The Value Of Structured Settlements For Sale

Filed under: Structured Settlements — Structured Settlement Expert @ 8:37 pm

Those who have been involved in a personal injury case may sometimes receive a structured settlement – a financial arrangement allows for payments for injured parties. Recipients of structured settlements – instead of being given a sum of money – are given periodic payments. These payments come directly from an annuity that has been set up to fund the structured settlement; and the responsible party in the personal injury case funds the annuity in order to allow for these ongoing payments.

Terms differ from structured settlement to structured settlement and are determined by the specifics of the case including the total amount awarded to the injured party.

While structured settlements often work quite well, there are times when they don’t. In such cases, a structured settlement recipient may investigate the possibility of selling all or part of their ongoing payments to a reputable company that purchases structured settlements.

A company that purchases structured settlement payments will make an offer for the structured settlement.

Popularity: 23% [?]

Monday, November 12, 2007

Structured Settlements Video

Filed under: Structured Settlements — Structured Settlements Pro @ 9:30 am

What is a structured settlement? This video briefly describes structured settlements. Although a structured settlement could be become more involved….here are the basics you need to know.




Popularity: 22% [?]

Monday, November 5, 2007

Why Are Structured Settlements Purchased

Filed under: Structured Settlements — Structured Settlement Expert @ 8:07 pm

Many personal injury cases are settled out of court resulting in a “structured settlement.” A structured settlement is a financial arrangement in which the recipient of a financial award can receive periodic payments paid out by an annuity set up by the responsible party.

The recipient will continue to receive the payments from the structured settlement annuity throughout the life of the settlement terms, unless of course, the recipient feels at some point that they require a lump sum of money to keep pace with their changing financial circumstances.

At this point, the structured settlement recipient may turn to a company that purchases structured settlement payments. This purchasing company pays their client a lump sum of money for all or part of their future structured settlement payments. In turn, the client receives the money they need – in cash - to address significant debt, pay for education, purchase a house, etc.

Many may wonder why companies are willing to purchase structured settlements. The sale of future payments benefits both parties giving the seller access to a larger sum of cash immediately and the purchaser receives the regularly recurring payments over time.

Popularity: 70% [?]

Friday, November 2, 2007

Selling A Partial Structured Settlement

Filed under: Structured Settlements — Structured Settlement Expert @ 5:40 pm

A structured settlement is a financial arrangement that results from a personal injury case being settled out of court. In such a circumstance those who have been given a financial award are given a structured settlement rather than a lump sum payout. A structured settlement allows for periodic payments to be sent directly to the recipient – paid from an annuity that is funded to meet the guidelines of the structured settlement.

The recipient uses the structured settlement payments to meet their financial needs going forward. But in some cases, due to financial circumstances, they may find that they need a lump sum payment rather than their ongoing payments.

The sale of structured settlement payments must be approved by the courts. Upon approval the recipient will receive cash from a purchasing company that will buy their future structured settlement payments in exchange for a lump sum of money.

But while the outright purchase of all future payments can be done, there is also the option for the recipient to sell only part of their structured settlement payments. They can either sell only a limited number of future payments, or they can sell a percentage of the payments throughout the rest of the settlement.

Popularity: 21% [?]