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Who Needs A Structured Settlement Expert?
A Structured Settlement Expert should be consulted before making any decisions regarding structured settlements. This is an area of expertise that should not be overlooked. Don’t be one of those people that made the mistake of thinking that they could go it alone. There are many intricacies to structured settlements, and you may make a mistake that could cost you a fortune in the long run.
The Expert Will Explain What A Settlement Is All About
The expert will make sure you know all about structured-settlements. He/she will explain that when a person is seriously injured in some type of accident, the structured settlement is always to be considered. You may have been injured as a result of a workplace accident, or an auto accident, medical malpractice or even a slip & fall. It could even involve lottery winnings.
The point is that the Defendant will offer you a fixed amount of money, paid to you over a fixed amount of time. These settlements can be very creative, but only if you make known what you really want. Perhaps you would like to receive a lump-sum up front, to be followed by a period that you will receive a fixed amount of money each month.
This could be for a number of years, all the way to a lifetime. You could even demand a second or third future lump-sum payment. Anything can be made part of the settlement. Structured-settlements also apply to Divorce Negotiations, and distribution of property. Child support can be made into a structured-settlement. So, as you can see, the structured settlement is a very versatile method of settling a case.
The Expert Will Explain Why Some People Sell This Income Stream
At first thought, you may think to yourself, “Why would anybody sell a future income stream?”. The answer is simple, things change. Do you find yourself in the same financial condition as you were just five years ago? Chances are you are either better, or worse. The problem is that most people are in a worse financial condition than they were five years ago.
If you accepted a settlement offer five years ago, you may have been in good financial condition. As the economy started its downward spiral, you financial strength most likely went down the tubes with the economy. Your 401K is no longer worth what it once was worth. What this means is that you can make a move, and sell your settlement for a large lump sum of cash now, when you need it.
People find themselves missing mortgage and car payments, and things are looking bleak. Perhaps funds are needed for college tuition, or even home improvements. Trying to get a bank loan is going to be dependant on your credit scores. Selling your settlement for a lump-sum has nothing to do with your credit worthiness.
In fact, you are lucky to be in a position that you have a settlement that you can sell. It wasn’t good that you were injured, but it did give you a settlement that is worth money as a lump-sum of cash. A Structured Settlement Expert will make sure you come out ahead.