I was doing a transaction with Stone Street, it has been over 3 months and I still have no court date. RSL Funding sent me an offer for $3,000 more...
When you win a personal injury or wrongful death case, the awarded money is often not paid to you in full, but through gradual payments known as a structured settlement. But sometimes hardships arise and the person entitled to lawsuit award money needs or wants access to the money faster or in larger sums than decreed by the court. You already won the money, it’s a guaranteed resource, but it’s tied up in the process of waiting.
In 1982, a bipartisan coalition of legislators in Congress came together to pass legislation that amended the federal tax code. Their action, The Periodic Payment Settlement Act of 1982 (Public Law 97-473), formally recognized and encouraged the use of structured settlements in physical injury cases by designating payments from a structured settlement as tax-free.
If you have settlement payments, you may be wondering if there are any ways to maximize the use of them, such as investing or other options. One often-overlooked possibility is to go through a funding company who can trade you a lump sum in exchange for your settlement payment plan. This can be very helpful for a variety of reasons.
Sellers of structured settlements ought to give major consideration to the prospect of whether or not the sale of a structured settlement is indeed the ideal choice for their particular situation. Let us suppose, for sake of discussion, that you already have thought this decision through quite thoroughly, and you've concluded that it is the best choice for you. In such a case, here are some tips covering a few potential issues to watch out for.
What wonderful things could you do to enhance your life if you had your CASH NOW instead of waiting years for the payments to arrive?
We will help you get through the application process as quickly as possible. Our goal is to get cash to you in a matter of days!
Although structured settlement annuities are usually utilized as long term income (most often to be a retirement fund), there are situations where it is desirable to trade them in early. The cause for annuity selling is to meet an expected shorter term, higher priority financial goal or need.