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Consider a Structured Settlement?
Structured settlements have been around for a long time
however their popularity has steadily increased over the past 6
years. In 1999 only 7% of insurance settlements that were under
$7,000 were completed as structured settlements. While we don't
have hard data for the current year, the number is much higher
now.
Because of the fast increase in popularity of using a
structured settlement as an option for lawsuits, many people are
forgetting to consider the option of pursuing structured payments
when settleing a lawsuit.
There are many reasons to consider a structured settlement as
a funding option for a legal settlement:
- Clients ability to work long term is questionable
- Clients lack of ability to manage finances in the past
- Clients doesn't want to manage a large settlement
- Immediate medical bills don't affect the client
- You can get a higher settlement if paid over a longer
time
Another type of legal option which can be finalized as a
structured settlement are real estate lawsuits. While it hasn't
been very popular in the past, real estate structured settlements
are gaining in popularity.
You can find out more about real estate structured
settlements at UtahRealEstatehelp.com. They have good
information about funding structured settlements for real
estate.
One last reason why legal counsel should consider structured
settlement payments for their clients is because of the
flexibility it provides clients. For people who don't have
personal finance management skills, it provides them the
management. For people who don't have job security, the
structured settlement payments provide them the security of
knowing the money is going to be there.
Also, if the situation should arise in which a structured
settlement holder should need a lump sum of money, they can get
cash for structured settlements by selling to a structured
settlement buyer. This allows them to get a large amount of cash
right now for their structured settlement payments.
John Jonas is an entepreneur and a family man with interests
in real estate, marketing, and financial products. You can find
out more at his Jonas Family website.
MORE RESOURCES:
Selling structured settlementsInfos Jeunes France, France - Nov 25, 2008Alternative arrangements know as structured settlements were created in the 1980's. Under these arrangements the beneficiary would receive cash structured ... |
From comments: lawyer referral feesOverlawyered, NY - 13 hours ago... by marketer lawyer advertising (with companies providing cash in exchange for assignments of lawsuit structured settlements also prominent there). ... |
Father paved way for Street's debutDenver Post, CO - Nov 17, 2008... and Nixon Coming" — on Monday, at the Austin, Texas, offices of The James Street Group, a financial firm that specializes in structured settlements. ... |
Structured-Settlements - Google News
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