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Options for Lawsuit Settlement Winners Receiving Periodic
Payments
On January 22,2002, President George W. Bush signed into law a
bill that protects individuals who must sell their structured
settlement payments to meet unplanned financial needs.
H.R.2884
Victims of Terrorism Tax Relief Act of 2001 (Signed by the
President January 22,2002))
Under a structured settlement, a lawsuit plaintiff will not
receive compensation in one lump sum but will receives a periodic
stream of payments according to the terms of the structured
settlement. This bill makes it mandatory for individuals to seek
court approval when they sell their structured settlement
payments to meet some urgent financial need.
Sometimes circumstances in life arise for individuals who are
receiving a structured insurance settlement. Now they are
in a position to consider selling all or a portion of their
scheduled payments in exchange for a lump sum of cash upfront.
Researching and exploring for the best deals available will
definitely prove beneficial to the individual who is selling
their insurance settlement. Big picture wise, don't rush, be sure
to do your homework before selling a structured settlement and
find out what the best terms and options are available from a
buyer of structured settlements.
Some quick tips when searching for a settlement buyer:
1. Call around and compare information and rates
2. Check your top option with the Better Business Bureau
3. Consult an attorney, financial planner, and/or tax advisor
4. Ask Questions
Since your future and plans are at stake, acquiring
necessary knowledge and information well in advance, is a simple
matter of common sense.
Jason M Rigler
National Director
Prosperity
Partners
MORE RESOURCES:
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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