How To Find Good Structured Settlement Companies Who Can Buy An Annuity From You

Structured settlement companies can give you the chance to convert your annuity which pays you regular sums of money into a one-off lump sum payment. The reasons for wanting to do this are many and varied, but please make sure you have thought this through thoroughly before you act. The choice, once made, is irreversible, and the consequences of making the wrong choice could be severe. Be sure also that there are not other, safer options available before you make the final choice.

Many annuities are awarded by the courts at what is inevitably a time of great stress and uncertainty. If you have been injured as a result of an accident in the workplace, or because of medical malpractice, then you will have enough to deal with without the extra worry of selling your annuity. Whatever you do, don't allow the situation to panic you into making choices you may later regret. There is nothing wrong with finding a company to buy an annuity, but it must be done for the right reasons.

The courts who award long term payments do so in the belief that it is in the best interests of the recipient. In many cases, that is exactly what it is. However, there are cases where the recipient of an award is severely disadvantaged by this. The most obvious example of this is someone who can no longer work at their previous job, and who would like to use the money they have been awarded to start a new business. They may even have been trying to borrow money to finance the business before the accident occurred.

Another very strong reason for finding someone to buy an annuity is if you are looking to invest in real estate. Real estate has traditionally been the best investment over time, and it provides something which everyone needs anyway. There is a strong case for accessing the full amount of any sizable award straight away and investing in the property market. You could buy a property for yourself, and another one to rent out for ongoing income, or you could just let part of your main home. Even if you don't intend to let any of your property, it can be a useful fall back position should you suddenly need extra income.

Structured settlement companies can give you the lump sum you need, but it is important to do your research in advance and choose wisely. This is a highly regulated industry and horror stories are relatively rare, but it is still wise to get to know the company who will buy an annuity from you as well as you can. Get several opinions and always compare terms. Have a lawyer check out the contacts for hidden clauses. Weed out any who are not completely up front about all terms, and then choose from the best of the genuine structured settlement companies.






 

Annuities News:

 

Intellectual Property is Now an Ordinary Income Asset, Doubling its Tax Cost at Sale - Benzinga

Intellectual Property is Now an Ordinary Income Asset, Doubling its Tax Cost at Sale
Benzinga
James Smyth and Arthur Jensen, of Custom Structured Settlements, LLC, solve tax problems pertaining to the sale of a business; the benefits of their work just doubled for intellectual property assets. CARMEL, Ind. (PRWEB) February 12, 2018 .

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City agrees to pay $115 million to dancer paralyzed in bus shelter collapse at O'Hare - Chicago Tribune

Chicago Tribune

City agrees to pay $115 million to dancer paralyzed in bus shelter collapse at O'Hare
Chicago Tribune
AIG Aviation, one of the city's insurance companies paid out the entire settlement, which was structured in a $15 million annuity to cover Darden's living expenses and $100 million in cash, Salvi said in a phone interview. A spokesman for the New-York .

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JG Wentworth Ch. 11 Plan Approved Over Trustee Objection - Law360

JG Wentworth Ch. 11 Plan Approved Over Trustee Objection
Law360
Law360, Wilmington (January 17, 2018, 9:43 PM EST) -- The Chapter 11 plan of structured settlement financing company J.G. Wentworth Co. received court approval Wednesday in Delaware over the objection of the U.S. trustee to third-party releases in the .

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Delegate sued over structured settlement sales - Virginia Lawyers Weekly

Delegate sued over structured settlement sales
Virginia Lawyers Weekly
A Virginia lawyer-legislator is named in a federal lawsuit claiming he failed to follow rules protecting beneficiaries of structured settlements. As an attorney, Del. Steve Heretick represents companies that buy structured settlement benefits from .

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DRI's Mission and Settlement Planning from the Defense Perspective - Legal Talk Network

Legal Talk Network

DRI's Mission and Settlement Planning from the Defense Perspective
Legal Talk Network
. in the Northeast.. DRI, the Voice of the Defense Bar is the leading organization of civil defense attorneys and in-house counsel. On Ringler Radio, host Larry Cohen and colleague, Gayle S. Christen, welcome President-elect of DRI, Attorney Toyja .

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