Tips for getting a large structured settlement

Tips for getting a large Structured Settlement

When you are in an accident, you want to make certain

that you can get the biggest settlement that you can

get. So here are some tips so that you can get a large

structured settlement.

1. Make sure the evidence at the scene is secure

You want to make sure that, without a doubt, the

company knows that you are not at fault. So you want

to make sure that everything is as it was in the


2. Don’t make assumptions about injuries

Many injuries don’t show up until later, so you don’t

want to assume that you aren’t injured.

3. Keep up to date with appointments

Go to see a doctor, even if you don’t feel injured,

and make sure to keep your appointments. If you don’t

go to the doctor, then it will be harder to explain to

the insurance company that you are really hurt.

4. Keep track of lost wages

Make certain that you have doctor’s notes for days

that you have missed after the accident and keep track

of what you have lost in your wages.

5. Don’t start low in negotiations

One of the rules of thumb is that the insurance

company won’t ever go higher, but they will come down.

So don’t start at the lowest amount you’ll settle for,

but start higher. This way you have negotiating power

without losing anything.

These are just a few of the things to remember when

you have been in an accident and are expecting a

settlement. If you remember these tips, they will help

you to get a larger settlement from the insurance


Why do people sell their structured settlements

Why do people sell their structured settlements?

There are plenty of people who receive structured

settlements, and some of them are happy with getting

that set amount each month. But some of them decide

that they aren’t happy with waiting for the money,

they want it right away.

There are a few reasons why people decide to sell

their structured settlement in order to get their

money in one lump sum.

1. Money for emergency - One reason that people sell

structured settlements is that an emergency comes up,

like a needed operation. No one knows when something

might come up for themselves or for a member of their


2. Money to invest - Another reason is that they want

to invest some of the money. If the stock market is in

good condition, they might choose something to invest

in with the money they get from the lump sum


3. Money to spend - Something that people who have

received a structured settlement want to do with a

lump sum is to buy a house, or maybe take a trip.

4. Money for the future - It’s sad to say, but

sometimes people who are receiving a structured

settlement have a shorter lifespan because of their

injuries, so they want to make sure that their family

is taken care of.

No matter what people choose to do with the money they

receive from selling a structured settlement, some

people find that this is the right choice for them.

Questions to ask structured settlement buyer

Questions to ask structured settlement buyer

When you are considering the sale of a structured

settlement, there are some questions that you will

want to have handy to ask the person who will be

buying your settlement. These questions will help you

to make certain that the person you are selling your

settlement to will do what is best in your interests.

1. How long has the person or company been in


2. Are you able to verify their business and contact


3. Do they have proof that they are insured and


4. What is their rating with the Better Business


5. How will they be taking care of your particular

kind of structured settlement?

6. What is the number of structured settlements that

they purchase annually?

7. What will be the price of the structured


8. Can they offer you a timetable as to how long the

structured settlement process will take?

9. Is their company a broker or a principal?

10. Will they keep your information private?

Something that you want to do before you make a

decision on selling your structured settlement is to

consult with a lawyer, or someone else that is

professional and knowledgeable about financial


Be certain that whoever you choose can show you

credentials and is familiar with the process of the

courts before making a final decision.

It’s also good to talk to other people who have gone

through the process and find out their experiences.

You can learn a lot from the experiences of others.

Steps for selling a structured settlement part 1

Steps for selling a structured settlement part 1

You were awarded a structured settlement, and after a

few years you have decided to sell it and exchange it

for one lump sum. What do you do now? Well, the

following are some steps that you should take so that

you make the best decision. This will take you through

the first part in selling your structured settlement.

1. The first thing you will want to do is to figure

out what your financial needs now, present and future.

You will want to talk to an attorney or a financial


2. The next thing to do will be to get in touch with

the provider of your payments, and find out the amount

left, the number of payments left, and your structured

settlement’s terms. Also get all of the contract

information so that you can give it to the buyer.

3. Figure out how much of your settlement you want to

sell. If you sell payments that will be coming shortly

after you sell, you will be offered more money than

those that are coming in the future.

4. Find a reputable structured settlement buyer and

make certain that you are comfortable with them.

5. Get quotes from different buyers, and weigh all

factors before making a final decision. These factors

include comfort level, experience, and reputation, to

name a few.

6. Finally, you will sign a contract with the buyer.

Make certain that you have your attorney read over the

contract before you sign anything.

Faq about structured settlements

FAQ About Structured Settlements

When you learn that you are going to receive a

structured settlement, a lot of times you have

questions about what a structured settlement is. So

here are some of the more frequently asked questions

about structured settlements.

1. Am I able to put down structured settlements as

collateral for a loan?

Usually, it can’t be listed as collateral, but one way

that it does help is that you can list it as a form of

income. This can be very helpful if you are making a

big purchase, like a house.

2. What is the definition of a structured settlement?

A structured settlement pays the person who has won

the settlement over a period of time, instead of just

paying all at once.

3. Will I receive interest on money I get from a

structured settlement?

The interest that you get from a structured settlement

includes any interest that you would get from it, and

that is tax-free. You will not receive interest from


If you are going to get a structured settlement, don’t

be afraid to ask questions if there is something that

you don’t understand. Make certain that you are

satisfied that you understand everything and that

everything is clear to you and to your attorney.

Once the papers are signed, it’s non negotiable and

you have to be happy with what you have been given, so

it’s a good idea to be clear on all the details. Ask

all of the questions that you want to know, and get

all of the facts.

Why do people get structured settlements

Why do people get structured settlements?

There have been plenty of commercials that talk about

structured settlements and how there are companies

that will pay you for your structured settlement. But

some people wonder why people get structured


There are a few reasons why someone would get a

structured settlement. Some of the reasons are listed


1. Someone may be awarded a structured settlement when

they have gotten an injury that will require long-term

treatments, where there may be medical costs in the

future, and the structured settlement is to help meet

the expenses of family and living.

2. Another reason that someone might get a structured

settlement is when it has to do with workman’s

compensation. The person who was injured may be unable

to work or is unable to work and earn the money that

he or she was making before they were injured.

3. A disability that is either temporary or permanent,

and that is going to take a lot of time to recover.

4. A case of wrongful death so that the survivors of

the deceased have a regular income because a source of

income, such as a parent or a spouse, has died.

These are just a few of the reasons why someone might

be offered a structured settlement. There are other

reasons, but these are the main ones.

If you are someone who may be entitled to a structured

settlement, it’s a good idea to have legal

representation so that they make certain you are taken

care of.

How to choose a structured settlement buyer

How to choose a structured settlement buyer

You have a structured settlement and you have decided

that you want to get a lump sum payment. You either

need the money because of an unexpected expense, you

want to buy a house, or you have some other reason.

So how do you decide where you should go to so that

you can sell your structured settlement and get a fair

deal with it? How do you know who is good?

There are a couple of places that you can go, and

things that you can do before you make your decision.

Talk to friends and family - One of the first and

foremost things you should do is talk to people you

trust and who have gone through the same type of

thing. You know that you can trust their judgment and

they will be honest.

Search online - If you don’t know of anyone who has

gotten a structured settlement and sold it, then you

can do some research online about the different places

that you can go to. You may be able to find people who

have gone there and were satisfied with the results.

If you have decided to sell your structured

settlement, be sure to do your homework and see where

you will get the best offer and deal. When you are

well informed, you will be able to make the best

decision that will be right for you. Do not be afraid

to get second opinions and to look around to see what

is available.

Steps for selling a structured settlement part 2

Steps for selling a structured settlement part 2

You have chosen a buyer for your structured settlement

and you are wondering what the rest of the steps are.

Now we’ll take you through the rest of the process so

that you know what you should do to make the process

as easy as possible.

1. Once you have chosen your buyer, you will need to

provide the buyer with some information. The quicker

you gather the information, the less time it will

take, but the process can last anywhere from two to

fourteen days.

The things that you may need to provide are the


Release/court judgment/settlement agreement The

contract from the payment provider or insurance

company/Annuity policy Bank statement or stub to

verify payment Your own personal information, which

could include a state issued ID or driver’s license.

Copy of divorce decree or marriage license (if it

applies) Any documents discharging a bankruptcy (if it

applies) Information about your lawyer

2. After everything is in the buyer’s hands, this is a

good time to ask them what about the underwriting

process and how it works. Beware if the buyer says it

will be a short processing time.

3. Once the underwriting process is done, the buyer

will give it to a judge to review. Ask your attorney

if you should appear, and if it’s in your best

interests. Find out from the buyer what the costs are

and who will be responsible to pay them.

4. If your request is approved, the buyer will give

you the money.

Remember this is just a set of guidelines, and each

situation is unique.

Benefits of structured settlements

Benefits of Structured Settlements

When faced with a decision about having a structured

settlement, or going with a one lump sum payment,

there are a few things to remember. In some areas,

it’s found to be better to have the structured


Here are the benefits of choosing the structured


1. The money from a structured settlement is not

liable for taxes.

2. When you receive money over a period of time,

instead of all at once, you don’t usually have to

worry about the people who go after those with a lot

of money.

3. Recipients of structured settlements don’t usually

have the problem of where to invest the money. They

are using it for their day-to-day living expenses.

4. Very often, when a structured settlement is

offered, there isn’t a worry about having to go to

court. It’s usually settled out of court, and the

person who is being offered the structured settlement

saves court costs.

The lure of a big sum of money makes people really

consider selling their structured settlement for cash.

But as we have seen, the structured settlement can

really be the better of the two choices.

Often times, when people have a big sum of money they

forget that the money isn’t going to last forever.

They going on a spending spree and the money is gone

before they know it. With a structured settlement, you

are sure to have money for the future and there isn’t

the worry about spending it all at once.

Mistakes in selling structured settlements

Mistakes in Selling Structured Settlements

When people are selling their structured settlements,

there are some common mistakes that they make. These

are explained below, and will help to keep you from

making them.

1. Not knowing what they need financially

It’s a common misconception that when you sell your

settlement, you have to sell all of it. This isn’t

true. You can sell just part of it, and still have

money coming in each month.

2. Choosing the buyer that offers the most

The people who offer the most amount of money aren’t

always the best choice. They may offer the most just

to get the contract, and then start making changes. Be

sure to look into all the possibilities and check the

buyers before you choose them.

3. Believing in a quick closing

No matter what the buyer says, don’t believe that the

closing is going to be fast. If you plan your finances

around that, you are going to find yourself in

financial trouble. Allow for at least a month for

closing to happen.

When you have safeguarded yourself against making

these mistakes, you will find that the process will be

a lot less stressful and that things will go smoother.

Depending on what type of settlement you have had, you

have enough stress in your life. You do not need more

because of mistakes that could have been avoided.