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Additional Resources |
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How Does A Structured Settlement Annuity Work?
By Michael DeGeorge
The process of arriving at a structured settlement is through negotiations concerning the value of the annuity and payment schedule. The process involves primarily a claimant and Read more...
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sell structured settlement senior settlements
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Structured Settlements Offer Advantages Over Lump-sum Payments
By Charles Essmeier, Thu Dec 8th
A structured settlement, which offers injury victims cashpayments through a long-term annuity as compensation for theirdamages and medical expenses, offer a number of possibleadvantages over payment in a lump sum. While the lump sumpayment is the traditional way for responsible parties to payaccident claims, the structured settlement offers payments overthe span of an agreed-upon period of time. This length of timemay span from several years up to the remainder of the life ofthe injured party, depending on the severity of the accident,the amount of money involved, and the agreement reached betweenthe two parties. Depending on the specific circumstancesof the case, structured settlements can have numerous advantagesover a lump-sum payment: They are tax free. Thanksto a 1982 change in the Federal tax code, payments on astructured settlement are free of state and Federal taxes. Thepaying party funds the settlement through the purchase of anannuity which earns the interest to fund the continued payments.This is not the case with a lump-sum payment, which the injuredparty must invest themselves. Any interest earned on thoseinvestments are taxable.
They are potentiallysafer. Most people who come into a large sum of money suddenlyfind that they are quite popular with long-lost relatives,unscrupulous
purveyors of investment schemes, and good,old-fashioned thieves. By receiving payments in substantiallysmaller amounts, the beneficiaries of a structured settlementhave far fewer worries about having others take advantage ofthem, which could leave them both poor and without adequatemedical care. They are simply less trouble.It’s difficult enough to adjust to changes in your life if youare seriously injured without having to also take the newresponsibility of investing and managing a large sum of money.Not only must you invest the money, but you must invest itwisely, knowing that it must continue to fund your living and/orhealth care expenses. The regular payments of a structuredsettlement, along with their tax-free status, simplify day today living considerably.While they are not idealfor everyone, particularly those who are experienced investorsor those who need a large sum of money at once for immediatemedical expenses or the purchase of a home, structuredsettlements can offer a simpler, safer payment solution for manypeople who are victims of an accident or injury. About the author:©Copyright 2005 by Retro Marketing. Charles Essmeier is theowner of Retro Marketing, a firm devoted to informationalWebsites, including http://www.StructuredSettlementHelp.com/ and http://www.HomeEquityHelp.net/
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Additional
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Why Sell Structured Settlements?
By ROSS BAINBRIDGE
Lets imagine that a person is injured in an accident. He goes for a personal injury lawsuit and wins the case. The result would be a structured settlement, an Read more...
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Additional
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Is selling a structured settlement a good investment?
By George Hostetler
Before one decides to sell his structured settlement for another investment opportunity; it is worthwhile to consider the pros and cons of such an action. The most important advantages of structured Read more...
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