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A structured settlement has many advantages. When the dispute involves a physical personal injury, the payments are entirely income tax free. The funds allocated to the structure cannot be quickly dissipated and the injured plaintiff can be guaranteed a secure source of funds for life. These guaranteed payments are independent of "get rich quick" schemes and the ups and downs of the stock market.
Payments can be arranged for many different needs, such as ongoing monthly bills, college tuition payments, medical expenses, special needs, retirement, downpayment on a home or business, or even ongoing mortgage payments.
Why A Structured Settlement Payment Is So Popular Structured settlement payments are becoming popular because of the advantages they offer over other forms of payments and investment options. The payments which are available in the form of annuities are tax-free at the state and federal levels. Moreover, the payments are secured by state and federal laws. The annuities can be invested in U.S Treasury Securities and other low-risk government insured options. As against a structured settlement, a lump sum can be difficult to manage by an individual who will have to grapple with the complexities of financial investment and tax laws. Moreover, if ..
A broker can obtain quotes and assist in purchasing structured settlements from highly rated annuity companies, working closely with all parties and having the plaintiff's best interests in mind.
If the defense makes a structured settlement offer, it is important to know the cost, or present value of the future payments, so it may be compared with an immediate cash settlement. Often, the plaintiff may want to make a counteroffer, either increasing the payments or changing the timing to provide for the known needs of the plaintiff. In any event, it is always advisable to have an expert review the documentation to ensure that it meets industry standards regarding constructive receipt, secured creditorship, assignments and other issues. Our firm is a nationally recognized expert in providing all of these services.
Structured Settlement Guaranteed Income for those with DisabilitiesUp until twenty years ago, anyone who won a lawsuit as a result of a claim involving workers compensation, wrongful death or accident had to accept a lump sum payment as their compensation. The payment would be intended to be invested, with the beneficiary living off of the proceeds for as long as their recovery was expected to take. In many cases, this type of settlement works fine, but in other cases, the results are a disaster. It is difficult enough for someone who has been through the trauma of an accident or illness to have to adjust to a new lifestyle without having to also become an ex ..
To obtain the best results, it is most important to involve a structured settlement advisor as early as possible in the negotiations. Once an agreement has been reached to settle for cash, it is generally too late to obtain the tax and other advantages of the structured settlement.
About the Author: Nicholas Tollemache has an MBA from Harvard Business School and represents Legal Economic Evaluations, licensed annuity brokers, who have specialized in structured settlements since 1983 and have provided economic evaluations for over 50,000 cases in all 50 states. http://www.legaleconomic.com" target="_blank"> http://www.legaleconomic.com
Source: http://www.isnare.com J. Nicholas TollemacheBenefits To Using A Structured Settlement Advisor
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