Why You Need Structured Settlement Quotes

The importance of structure settlement quotes can be realized in the event of a policyholders death. Being the sole beneficiary, it rests solely upon you that how best you get maximum amount that can be collected once the insurance company offers you the policy details. Choose an experienced law firm that is capable of dealing such kind of situation on a regular basis. Remember that the ultimate objective is to realize best payment options for the policy that you have been offered. Selling of payments is legalized now and you need not panic about them.

Payment Procedure

The terms and conditions of an insurance company are in favor of structured settlement quotes that provide the beneficiary with best available alternatives. The quote you choose should reflect your importance of having money on hand by selling payments. You have several options regarding payments. Either you can receive a lump sum from your insurance company or prefer receiving payments in part. Interest will be guaranteed in both the cases. Even after selling some of your payments, you can still receive your other payments due as usual. Some companies provide claims readily on almost every claim. Meanwhile, others provide quotes selectively.

Taxation Issues

Before considering structured settlement quotes, you should determine that how beneficial it is for you to sell quotes. As most of the insurance companies allow selling of payments as there is no harm in them, either for the policy holder or to the institution without any taxes. Maximum payments can be guaranteed only when you transact your payments for a fully operational price. There are no risks involved while you are performing any of the tasks like transacting with your account or offering payments to a fund company. No legal proceedings are involved as long as the claims are genuine.

Receiving Quotes

You can start receiving structured settlement quotes after you register with any of the companies offering such a service. The mechanism involved behind these companies involves the maintenance of a database through which they provide quotes after assessing your priorities and range. You are free to choose one of the quotes or refrain from accepting any of the quotes. As you are entitled to tax benefits, chances of receiving maximum amount are more. Best quotes can be received if you have an insurance policy or an annuity scheme.

Easy Payments

Structured settlement quotes offer you the convenient option of paying easily. This is possible as your payments will go to a fund representative who offers best bid for the sale. This is mutually beneficial besides you having the additional advantage of being exempted from taxes. In case of the sudden death of a policy holder, all the funds are transferred on the name of the beneficiary who will be independent of claiming the benefits or selling the quotes. You can get details of best quotes when you search different websites looking for quotes that provide you with all the benefits and features that you have been looking for.

Selling Structured Settlement Payments And The interest Drag Factor

It is important to understand how "interest drag" can affect the sale of your structured settlement transaction. This little known tactic will not be explained in any financial book. Nonetheless, its one you should be weary of and understand how it drastically affect the sale of your structured settlement payments. Interest drag occurs when a structured settlement transaction is purposely dragged beyond its normal funding time by an unscrupulous factoring company. Depending on the size of the transaction, you can lose tens of thousands of dollars in interest. This occurs because the further out in time your transaction is funded, the higher the present value of your future payments is worth, and thus, the more cash you should have received. This difference is known as interest drag. Depending as to how the factoring company you are using handles it, you can be out a substantial amount of money. Some ethical companies will actually credit you the per diem interest lost due to the interest drag factor. We can define what a "normal" funding time is by assuming that any funding that takes place beyond 60 days is considered delayed. However, just because the funding is delayed beyond 60 days does not automatically translate into anything devious. There are many factors that go into how fast a structured settlement transaction is funded. Some factors include:

1.How quickly a court hearing date is obtained, 2.How quickly you provide all required documents, 3.How quickly the insurance company issues its Acknowledgment Letter confirming they have updated their records to reflect payments sold.

Even though there are no sure shot ways to know if you are dealing with an unscrupulous company or broker, there are common sense steps you can implore to protect you. For starters, you can contact the Better Business Bureau in the area where the factoring company you are considering using is located and find out about their complaint history. You can also perform the same inquiry with your state Attorney General's Office.

What Is A Structured Settlement Company

You certainly think what a structured settlement company entails? Well, it is a group whose fundamental goal is to aid individuals suitable for annuity payments. Even though there are a lot of various types of structured settlements, the most common one is that proposed to people who have been seriously harmed.

A great number of structured settlement companies employ people who have already specialized in a particular domain. In The Main, employees consist of people well educated in many diverse areas like casualty claims, law, medical malpractice, finance, commercial liability and Worker's Compensation.

Structured settlement advisers consider both claimants and defendants' sides after which they start with making compensation plan for the injured side. Instead of giving lump sum cash payment, structured settlements offer standard income over a specific period of time. Therefore, the claimants may be given money once per month, quarterly, bi-annually or once per year. Taking into account their choice, they may be paid out over a couple of years or a lifetime.

If it happens that a person is hurt in a car accident, at his work, or because of carelessness, he may be eligible to a structured settlement. Normally, a person has to incur losses of $10,000 to ask for this kind of financial arrangement. If small children are involved in thisif the case involves small children, losses of $5000 are enough to qualify for a settlement.

Generally, structured settlement payments give fixed amounts through a certain period of time. However, each settlement case is unique and can be set up in a mode that best fits the needs of the claimant. These payments are financed by an annuity purchased from a life insurance company. Thus, the defendant is responsible to buy the annuity.

A structured settlement company can give assistance to the claimant in supplying the money he demands, when he demands them. Commonly, a few consultants will work together on the case to pay the injured side for both actual and future expenses. Additionally, the company will manage the account portfolio and provide financial investments for the claimant.

For example, if a claimant need to have a hard medical operation for a period of six months, the structured settlement will arrange extra funds to deal with the costs. After the operation is complete, the claimant will be no longer given the extra money and will revert to a lowered annuity payment.

To sum up, structured settlement company offers numerous ways how to obtain one, since there are individuals who require them. For that reason, it's greatly advised to keep the services of a structured settlement company. These consultants can take claimants through numerous options and ensure that they will obtain the optimal structured settlement possible.

Mediation - Being In Middle

Music is the mediator between the spiritual and the sensual life.

We don't realize but its true. Mediation is an integral part of our life to live or give lives.

In simple words mediation is negotiation to resolve differences conducted by some impartial party.

A structured dispute resolution process where an impartial third party, the mediator, meets with disputants in an effort to identify the issues, explore options and clarify goals. The mediator facilitates face-to-face meetings of the parties to assist them in reaching a mutually-acceptable agreement. Parties reach agreement freely, voluntarily and on the basis of informed consent. Mediation is assisted negotiation. As the "process expert," the mediator helps the parties negotiate efficiently and effectively. - Saskjustice.gov.sk.ca

From Latin mediare: "to be in the middle." Bringing about a peaceful settlement or compromise between parties to a dispute through the benevolent intervention of an impartial third party.

How will you mediate?

There are twelve suggested moves for mediator.

Move # 1 - Establish relationship with disputing parties Make initial contacts with the parties

Build credibility Promote rapport Educate the parties about the process Increase commitment to the procedure

Move # 2 - Assist the parties to access various approaches to conflict management and resolution

Assist the parties in selecting an approach Coordinate the approaches of the parties

Move # 3 - Collecting and analyzing background information

Collect and analyze relevant data about the people, dynamics and substance of a conflict Very accuracy of data Minimize the impact of inaccurate or unavailable data

Move # 4 - Designing a detailed plan for mediation

Identify strategies and consequent noncontingent moves that will enable the parties to move toward agreement Identify contingent moves to respond to situations peculiar to the specific conflict

Move # 5 - Building trust and cooperation

Prepare disputants psychologically to participate in negotiations on substance issues Handle strong emotions Check perceptions and minimize effects of stereotypes Build recognition of the legitimacy of the parties and issues Build trust Clarify communication

Move # 6 - Beginning the mediation session

Open negotiation between the parties Establish an open and positive tone Establish ground rules and behavioral guidelines Assist the parties in venting emotions Delimit topic areas and issues for discussion Assist the parties in exploring commitments, salience and influence

Move # 7 - Defining Issues and Setting an agenda

Identify broad topic areas of concern to the parties Obtain agreement o the issues to be discussed Determine the sequence for handling the issues

Move # 8 - Uncovering hidden interests of the disputing parties

Identify the substantive, procedural and psychological interests of the parties Educate the parties about each other's interests

Move # 9 - Generating Options for Settlement

Develop awareness among the parties of the need for multiple options Lower commitment to positions or sole alternatives Generate options using either positional or interest based bargaining

Move # 10 - Assisting Options for Settlement

Review the interests of the parties Assess how interests can be met by available options Assess the costs and benefits of selecting options

Move # 11 - Final Bargaining

Reach agreement through either incremental convergence of positions, final leaps to package settlements, development of a consensual formula or settlement or establishment of procedural means to reach a substantive agreement

Move # 12 - Identify procedural steps to operationalize the agreement

Establish an evaluation and monitoring procedure Formalize the settlement and create enforcement and commitment mechanism

With regards to divorce mediation, following are 12 techniques suggested by Steven Ashley.

Situate yourself so you won't be distracted by anything going on outside the mediation room.

Have your back to the window, if there is one.

Arrive for mediation at least ten minutes early, so as not to allow a dynamic to develop between the mediator and the other parent before you arrive.

Show up with an understanding of parenting options and have your preferences well- researched. For example, a schedule marked clearly on a calendar makes it easier for everyone to understand what the father's plans and intentions are.

Bring a complete record, including canceled checks, for all child support payments.

Be clear, logical and assertive, but not aggressive, when speaking or defending your position.

If the other parent sounds "blaming," ask what he/she needs from you in order to co-parent. You can also remind the other party that blaming undermines the mediation process. You have the option of asking the mediator to intercede.

Make a good first impression. When meeting with anyone in family law, show up well- dressed. Present yourself in a friendly, professional manner.

Stay focused on your children's needs.

Don't talk about what your children's mother did in the past. Avoid appearing bitter or vindictive, as you may be perceived as a parent who is unwilling to cooperate.

If your children's mother slanders you, you have the option of briefly reminding her of the most damaging thing she ever did to the children, then asking the mediator to take over. This can establish that you will cooperate, but not be a doormat.

Be prepared with other options. What is the least you will accept? What might you bargain or trade away?

If you can get agreement on 70 of what you want, take it. You can work on the other 30 later.

I agree mediation is not really that simple but we can try. Life is nothing but negotiation.

Further Readings

The Mediation Process - By Christopher W. Moore Fathers Are Forever - By Steven Ashley Portal : Conflict911.com

Income Tax of Structured Settlements

Income tax of structured settlements is one of the major benefits of this type of settlement. Income taxes are completely exempted under this mode. It is especially in the case of a lawsuit relating to personal injury where monetary compensation in provided through a settlement payment agreement.

There is an option of receiving lump sum but most choose the tax free income which helps in saving big over the period of settlement which could sometimes even extend towards your lifetime.

The law clearly states that annuity owner and providers do not owe taxes due to this transaction. However, if you do sell your structured settlements, your tax exemption would be lost.

You can purchase an exempted income tax structured settlement annuity by accepting settlement proceeds on structured eligibility. This involves the form of settlement that is tax free and along with financial security, you will be exempt from any federal or state income tax while helping you avoid the pits of a lump sum cash settlement that could not survive for the rest of your financial future.

When it comes to earning a free income tax structured settlement is the best option available, where as cash settlements with the opportunity of earning interest on investing them in the future makes them fully taxable, because the return on this investment is not assured. But with periodic income, it provides a sense of security.

Structured settlements have been endorsed by some of nation's largest disability organizations, including the American Association of People with Disabilities and the National Organization on Disability due to the payment of installments.

You also have the choice of management of taxes which allows you to pay reduced tax on future investments you may make with this money. The other types of exemption includes that an immediate annuity that is purchased with a single premium, whose payments within one year from the date of deposit. And Workers compensation and disability claims towards injured victims who receive personal injury recovery with an annuity of regular payments because of the excellent tax advantages of income exempted from taxes unlike the usual salary or other forms of income.

Only some of the taxes come under the exemption rule from the different ones such as sales Tax, Retirement Tax, Property Tax, Poll Tax, Income Tax, Excise Tax, Estate Tax, Inheritance Tax, Corporation Tax, Consumption Tax, Capital Gains Tax, Environment Affecting ax, Added Value Tax, Ad Valorem Tax.

A litigation lawyer is highly recommended in these cases to determine which taxes are exempted and how they will affect your relevance to structured settlements. Insurance companies usually push for structured settlements because they win by doing so earning money for their company,

However, if you do choose to defer obtaining the lump sum, the exempted income tax of structured does not become applicable. This is due to the opportunity of you investing in the future without any guarantee for return. So income tax is fully deductible from your cash. This is one of main advantages income tax of structured settlements has over other ties of settlements. Income taxes are completely exempted under this mode. It is especially in the case of lawsuit relating to personal injury where monetary compensation in provided through a settlement payment agreement.

Pros And Cons Of A Structured Settlement

As with just about everything, structured settlements have both advantages and disadvantages. One key advantage is the tax benefits associated with a properly set-up settlement. An appropriately set-up structured settlement could very well reduce the plaintiffs tax obligations. In some cases the settlement could avoid taxes altogether.

Another advantage is that the structured settlement could also prevent a plaintiff from splurging all their money all at once. In this way, the structured settlement could be a sort of financial control. Instead of getting the money all at once and risking spending much of it on unnecessary or unwise transactions, a structured settlements periodic payments will help the plaintiff with paying for necessary costs before they spend the money on other things.

However, this advantage could very well be seen as a disadvantage to many. Some people want to make big purchases, such as a car or home, and may prefer a large one-time lump sum payment to periodic payments. Even if they do not have desires for expensive purchases, some people may just feel that they would do better if they were able to invest their money themselves.

Essentially, for those who might have a difficult time managing a large sum of money, structured settlements offer a simple and helpful way to avoid dissipating the cash recklessly. However, for claimants who are able to manage money well on their own, the periodic payments may be an annoyance.

Tips For Being Successful In A Debt Settlement Program

Often times, clients who enter into debt settlement programs think that as soon as they are accepted into the program, their job is done. They could be more wrong. Here are a few tips that will help you get the most out of the program, including the best settlements and a quicker completion of the program.

1.The best advice I can give you is to do everything possible to find as much funds as possible as soon as possible. I know that most programs place a monthly amount that you are required to save, but that doesnt mean that you have to save the minimum. (Thats how most of us got into this problem in the first place, only paying the minimum.) Try to save an extra $50-100 a month, because after all, this does add up. If you can, borrow money from a friend or a family member, sell the extra T.T. that is just sitting around, or try not to go to so many happy hours. The logic behind this is the following. The faster you save money, the faster you settle your debts. Additionally, I cant tell you the number of great deals that clients have lost due to lack of funds. They have to pass up a 40% deal, and later end up paying 45-50% of the debt. Debt settlement is very much like ripping off a band-aid. If you do it quickly, it may hurt a lot, but only for a short time. Try to make those extra sacrifices now, and youll be able to enjoy financial freedom a lot sooner.

2.Stay in contact with your settlement company. You should communicate with the company at least once a month. A number of clients come into the program, and then we lose contact for 3-4 months. They dont bother to call or even email until they get a threatening letter or call. This includes sending correspondence you receive from creditors, but in a timely manner. I have a number of clients who love to send me letters the day after the deadline. The account has already switched hands, there is nothing to do. Debt settlement companies rely on the client for information that could affect negotiations, so please be responsible.

3.Finally, follow the rules of the program. For example, if the companies tell you not to receive calls from the creditors, then please dont. You may say or do something to comprise the negotiation. You are already paying for the service, so take advantage of it.

While each case is unique, these general guidelines will definitely improve any consumers experience while participating in a debt settlement program.

Why Selling Structured Settlement Payments Might Be The Choice For You

Structured settlements are not flexible when life circumstances change and there are new demands on you financially. It is your money it just makes sense that you would be able to make use of it when, where, and how you choose.

Selling Your Structured Settlement Puts You in Charge

You may have a regular stream of income from the settlement annuity payments, but you probably do not have control of the funds or immediate access to the full amount of your award. The structured settlement factoring industry exists because insurance companies refused to offer that option to their annuitants.

The fact the settlement payments are not taxed certainly complicates the issue. The insurance company gets a tax break for creating the settlement. The attorneys get all their money up front, the settlement brokers are paid, yet you are the whole reason for the annuity and you have to wait. There are plenty of circumstances where that makes sense, and even more where it seems a little unfair.

Having full control of your money makes more sense and factoring companies provide that service albeit at a cost. The price of getting tomorrows dollars today, as well as the court expenses, processing fees, and of course the profit the companies need to make. Can you imagine how much a company like J.G. Wentworth needs to charge to pay for all those commercials?

Consider Selling Your Structured Settlement Payments

There is no right or wrong time or reason to sell your annuity payments. There is only the determination of what is in your best interest. While this should be your decision, the courts, insurance companies and even the factoring companies have a say in the matter. Most importantly is the judges opinion as the judge ultimately approves or denies the transaction in court. Factoring companies like Prosperity Partners take that into consideration when working with clients.

People decide to access cash by having Prosperity Partners buy their settlement payments for many reasons. They may

Have pressing financial obligations Have things they want to do in lifebuy or remodel a home, pay for college or education, vacation Prefer to invest their money themselves to enjoy larger returns Be concerned that their annuity will outlive them

Ultimately, cashing in your future payments for a lump sum now has a price, so consider carefully what you will gain versus what it will cost you when you are considering factoring your payments

Evaluate Your Options Without Obligation

It is smart to consider selling structured settlement payments, because the rates and costs change, and considering selling your payments is not the same as actually selling them.

It makes sense to know what your options are, even if you choose not to exercise them, or decide that a settlement sale is not right for you at this time.

Tips To Get The Highest Structured Insurance Settlement Payments

In the event that you have been injured in an accident or someone has been irresponsible and causes you to have an injury, you may be eligible for damages. If you are entitled to damages, you may agree to having structured settlement payments. The question is: how can you obtain the highest structured settlement payments for your personal injuries? Look at the useful guidelines below. Following these guidelines will assist you in getting maximum structured settlement payment.

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. Be sure to not manipulate or tamper with the evidence in any way.

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. This is very important because if you don't keep your appointments, it will be difficult to explain to the insurance company why you say you want money for injuries and not going to the doctor.

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 is the best negotiating tactic to use.

These are just a few of the things to remember when you have been in an accident and are expecting a structured settlement payment. If you keep these things in mind, you will be in a better position to get a larger settlement.

Why Do People Get Structured Settlements Payments

There are a few reasons why someone would get a structured settlement payment. Some of the reasons are listed below.

1. A structured settlement payment makes sense for someone who has been injured and will need long term recovery from those injuries. The payments will cover the medical expenses and help the family meet other expenses due to loss time from work.

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. Similarly, if a disability is going to take some period to time to recuperate. This could be long or short term.

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 a person may opt to take a structured settlement payment. In the final analysis the settlement simply compensates for the loss that has been incurred by the injured party. This includes not just the monetary loss, but could also extend to the loss of intangible things too. There are other reasons, but these are the main ones.

As with anything of a legal nature, you always want to seek the advice of legal council.

What Is A Structured Settlement Annuity

If you were in legal proceedings to be awarded a settlement, you may have heard certain terms thrown around, and one of them was probably structured settlement annuity. This is just another term for a structured settlement payment, which is what you would be receiving if you were awarded a large settlement. Payments are ordered for any settlement which could financially ruin the person or company that must make amends.

Legal issues and lottery winnings are two of the major players in making annuity payments. Individuals who have suffered personal injury or won a substantial amount of money in a lottery can expect to see monthly annuities paid to them. In lawsuits which are related to personal injury, the monthly annuity usually is equal to, or greater than the person's average living expenses. This ensures the person can continue to make their monthly bills and provides for their necessities.

Some individuals will sell their entire settlement award to companies which will give them around 60% of the remaining balance awarded. This will allow the recipient to get a lump sum of cash, and not have to deal with the monthly annuities.

Selling a settlement involves a lot of legalities, so it is advised that you consult someone qualified to handle the deal for you. Trusting the company which wants to purchase your settlement is not a wise thing to do. They are interested in making money, and are not looking out for your best interests.

It is well advised that you consult with your attorney, or hire a settlement broker to handle the transaction for you. There is a ton of paper work which goes into making the deal legal, and sometimes the entity paying the annuity may not want to work with the company buying the settlement. They can hold up the process of transferring the structured settlement annuity a long time if they are not satisfied when dealing with the company. For this reason, it is best to sell with a broker, or sell it with your attorney handling the deal.

What You Should Know Before Selling A Structured Settlement Annuity

Do you have a structured settlement or annuity and thinking about selling off all or part of it? If so, you know what to expect up front so that you are not confronted later on with any unpleasant surprises so to speak.

People often ask why in the world anyone would ever want to sell off their annuity or structured settlement payments anyway? It's a fair question, but the fact is, things change in everyone's lives. You may have serious medical expenses or some other financial emergency that requires you to come up with a good deal of money. It could be to save a home from foreclosure or one of countless other situations.

Regardless of the reason, here's a look at what your rights are whenever you go to sell any part of a structured settlement or annuity.

1. You must be provided with disclosure statement that outlines all of the terms regarding the sale of your all/part of your annuity. Be sure to look this over and understand what it means. If for some reason you don't understand something, ask the company about it.

2. You must be given a specific number of days as a "cooling off period". This may seem like a pain, but it is for your benefit. What happens if you agree to a settlement sale offer and then suddenly have a change of heart, or your circumstances change? This gives you the opportunity to back away from the sale and keep all of your settlement.

3. You must get past hearing before a judge who will consider your potential sale. While this may seem sort of scary at first, it is really a matter of formality for the most part. Unless you are only wanting the cash for your annuity or structured settlement to go out and buy frivolous items like a trip around the world or a few extra cars, etc., the judge is going to approve the transaction.

Again, this is really in your best interests, even though it doesn't seem like it at the time.

How long does this entire process take? Honestly, every situation is different but you can expect it to take at least 60-90 days. That is from the time you accept a quote on selling the annuity to a judge approving the transaction and you get the money in your bank account.

If someone tells you that it will only take a week or two to get a check, don't buy into it. They are not telling it like it is. There are far too many variables such as the courts calendar, how quickly you submit items that are required for the sale to move forward, as well as other things to be able to give a specific time frame.

As you can see, selling a structured settlement annuity is not all that difficult. Throughout the process you will be kept aware of what is going on and what to expect. You will also be given several opportunities to step away from completing the sale if you decide you no longer want to sell it off.

How Do You Get A Lawsuit Advance

Lawsuit funding is non-recourse cash advance made by a plaintiff against a pending lawsuit. It is a non-recourse settlement funding because in case the plaintiff loses the case, the lending company does not have remedy to collect payment.

Lawsuit advances can be available for cases such as personal injury, class action or product liability and wrongful death. The lawsuit money is also available for malpractice, breach of contract, workers compensation and medical bills.

If the lawsuit is in the nature of commercial disputes and or intellectual property disputes, the plaintiff is also entitled to lawsuit funding. For the attorneys who are handling cases, they also qualified to have pre-settlement cash advance. These advances can be used for attorneys fees, expert witness testimony, or expert witness research.

After the case is settled in favor of the plaintiff, the settlement lender or lending company will reclaim the lawsuit money from the plaintiff settlement award. However, if the case has been decided against the plaintiff, and there is no settlement award given, the lender has no recourse to claim payment.

Hence, the lawsuit settlement funding cannot be classified as loan. In addition, such financial program is exempted from certain usury laws. The lender can earn profits by charging an upfront fee in lending the money to you.

Relative to the policy, a lender or financial institution may charge you monthly fees just like a creditors financing fee for the right to the money. There are cases in which the lawyers themselves are the lenders.

If such is the case for you, it is advisable never to engage your attorney into providing lawsuit funding as it may create a legally unacceptable conflict of interest between you and your attorney.

To apply for settlement funding, you should be represented by your lawyer. This is the first requirement. The financial institutions that offer such financial program need to speak to your lawyer about the case he is handling in your representation.

Among the information the lender/lender needs are the court date, all necessary documents related to your case. There should also be a proof of valid claim, which can be a signed or verified presence in the court for such hearing.

If the lawsuit is about physical injury, you should provide evidence to the lender for your treatment. Documents from the hospital and doctor who administered treatment to you should suffice.

There are times when the lender needs additional documents and information, in which case, you will be asked to sign a release order to grant them permission or access to such documents. Once all requirements are submitted, the lender will evaluate them and determine if you are qualified for lawsuit funding.

Settlement funding is commonly used by plaintiffs that need financial assistance without risking your premature settlement. There are cases when lawsuit funding creates a possibility to drag lawsuits to a standstill.

There are also many legal and ethical concerns raised against lawsuit funding. It should be the last recourse for you to obtain financial assistance. If you have relatives or family members who could lend money to you while the hearing is going on, it is best

Selling Structured Settlement Payments Part 2 - Understanding the Present Value of Future Payments

As called for in a structured settlement, individuals are designated to receive future payments. The payments are issued via an annuity purchased from a large, relatively safe insurance company. Recipients of structured settlement payments sometimes decide that there is an important need to receive settlement funds before the scheduled payment dates. This can be done pursuant to an assignment process that is regulated by the law. At some point in that process, the seller must agree to a price.

What then is a reasonable price for money scheduled to be paid in the future? How does the "market" determine that price? An informed seller can feel protected if they understand two things: 1) The method used to determine the Present Value of a future payment, and 2) The absolute need to confirm that the competitive marketplace has played a role in determining that Present Value.

The Present Value is based on a mathematical discounting process taking into account the amount of time between now and when future money is due. A payment is therefore "discounted" from its future full value back to its Present Value using a discount rate plus the passage of time. A financial calculator, easily found online, will determine the Present Value of any future dollar amount. The calculation requires input of the future value (the amount(s) scheduled to be paid under the settlement), the date that you are scheduled to receive the payment(s) being sold, and the discount rate (interest rate) being charged. Anyone with a mortgage payment, or a car payment, already understands the concept (whether they know it or not). The Present Value of a series of car payments was the price paid for the car (minus any down payment). It is a given that the total of the car payments is more than the amount financed, due to an interest charge. In the same way, the future settlement/annuity payments will be more than a seller receives today due to the discount/interest charge used by the purchaser to create the Present Value. The Present Value is the price received for the future payments.

It is very important for the seller to make sure that the market, made up of all interested purchasers, provide the lowest possible interest charge. Competition takes care of that, as it does for the sale of anything. Summary: Sellers of structured settlement payments can feel comfortable that the sales process is regulated by the law, but the individual seller is fully responsible for forcing the market to work in his or her favor.

Understanding Structured Settlement Fixed Annuity Payment Plans

A structured settlement refers to monetary compensation that is paid over an extended period of time. Annuitants receive annuity payments at regular intervals until the allocated funds are fully distributed. The most common use of structured settlements is to compensate individuals who have been injured due to the negligence of another.

Structured settlement annuities are also used to pay lottery jackpot winners. Annuitants typically receive a lump sum cash payment on a quarterly or annual basis. Entering into this type of payment arrangement allows lottery winners to receive the full amount of winnings, less taxes. Lottery winners who accept a one-time cash payment generally receive around 50-percent of the total winnings.

Annuity payment plans are established by a structured settlement company. Several factors are considered when annuities are used to compensate for injuries. When Annuitants sustain injuries that require on-going care or if they can no longer work, the settlement amount includes adequate funds to pay for medical care and lost wages.

In most cases, settlements provide Annuitants a lump sum payment to cover litigation expenses and required medical treatment, than periodic payments follow. Annuities might be paid for 5 to 20 years, or continue for the remainder of the Annuitant's life. Annuity payments provided to injured persons are tax-exempt, while annuities provided to lottery winners may be subjected to state and federal taxes.

Annuity payments are intended to provide sufficient funds for Annuitant's to obtain the care they require and continue with the lifestyle they had prior to injury. For example, if the Annuitant is unable to return to work, annuities can be structured to include funds for rent or mortgage payments, utilities, insurance, clothing, food, and healthcare expenses.

Oftentimes, structured settlements are offered when the defendant prefers an out-of-court settlement. When litigation costs are reduced there is a possibility the plaintiff's payout will be higher. Legal expenses can consume upwards of 50-percent of available funds, so out-of-court settlements can be particularly beneficial to plaintiffs.

It is nearly impossible to modify structured settlement agreements once they are in place. Therefore, it is crucial that the plan is exactly the way it should be before signing contracts. If a structured settlement is modified, there is the potential the tax classification will be altered which can result in the Annuitant being charged with income tax. If annuity payments are made to an estate, they may be subject to estate tax. It is best to consult with a tax attorney prior to signing a structured settlement agreement.

There are instances where Annuitants sell their structured settlement in exchange for lump sum cash. In most cases, only those receiving annuity payments for lottery winnings can sell their settlement. Not all states allow the sale of annuities regardless of their use. States which do allow the sale of future annuities require Annuitants to obtain court authorization.

It is important to understand the advantages and disadvantages of structured settlements before entering into an agreement. Most personal injury lawyers are familiar with this type of payment arrangement and can guide clients in the right direction.

Can I Sell My Structured Settlement Payments Why Does A Company Want To Buy It

It may be possible to sell your structured settlement payments. Selling structured settlements can be particularly detrimental to individuals who are disabled, minors, workers compensated for loss, and compensation due to severe injury. Selling Structured Settlements maybe tempting but not smart"'.

The payment of any court costs as well as the fees and costs for your attorney can be paid by you or the buyer. To find if you are able to sell the future payments from your structured settlement, a financial professional or qualified broker would need to sit down and review your settlement and release documents, as well as your annuity policy documents.

A structured settlement offers guaranteed payment that is tax-free; this may not be the case with investments made by selling a structured settlement. Can I sell my structured settlement payments? The answer is "Yes." Thousands of people every year sell structured settlement payments for a lump sum of cash. Moreover, the regular payments offered by a structured settlement are a source of great comfort to retired individuals and those with an impaired earning ability.

A structured settlement offers the advantage of a regular income without having to worry about managing it. India Classifieds offers free online Ads posting for buying and selling products and services such as sell my structured settlement payments and other products & services from india-classifieds.in.

There are many reasons to sell structured settlement payments, but most of the time there is a financial burden in the house hold. India-classifieds.in can relieve that burden and provide you with a quick turnaround process. We have developed relationships with the leaders in the advanced funding industry providing us with the best quotes and fastest funding times. As with anything financial, take a little time to read and research as just having a little knowledge on structured settlements can save you a lot of money. Over at India-classifieds.in, you can find out more, easy to read information on how to get cash for structured settlements payment. Just because it's financial, it does not need to be difficult.

Structured Settlement Loans

Its tempting to take your structured settlement award and just turn it into a lump sum to be done with the whole affair in one shot. Sometimes, its a lot more practical to think about getting a structured settlement loan instead. Basically the same thing as a lump sum buyout, getting a structured settlement loan is a bit different. With the structured settlement loan you can actually get paid out in the full award amount should you wish. Just note that the repayment will most likely exceed the structured settlement payments that you will be receiving when getting a loan for that high an amount. The loan is guaranteed by the structured settlement payments you will receive, so keep that in mind when deciding on a loan amount to ask for. If your loan amount (plus the interest) exceeds the total settlement amount, youll most likely end up losing a lot of money during your loan repayment. At least with a lump sum buyout, the money you lose is already taken out before you even get paid! With a structured settlement loan, you can quickly find yourself in huge debt over a period of time when the loan payments are still around but the structured settlement payments have long since stopped coming in. Thus, it is nectar for applicants who are very keen to use. Mode of structured settlement completely depends on the company that gives the structured settlement loans. It has now come with a lot of modes such as yearly, monthly, and quarterly however these are implemented through litigation. Leniency is then bestowed to aspirants about use of the structured settlement in case, their intention is selling the remnants part of structured, they will sell that without predicament however they require consent from court. Under the structured settlement people will get money periodically. And at lots of occasions it is failed to live-up to the aspirants expectation in meet the requirement. At crunch situation, they also have right to dispose of the structured settlement to get the maximum benefit.

It as well endows leniency to penurious who plan to sell that and this way they will quench the thirst by selling the structured settlement. At times the immediate require for money comes, financial crunch generally comes at a door of claimant at that in case they plan to sell that to collect an amount, and they will dispose of a part of remaining periodical.

Mortgage - An Overview

Be very, very vigilant when applying for a mortgage. Being complacent in such a process can harm you financially. Plan well and be watchful, regardless of it being your first or tenth mortgage application.

The legal terms and conditions followed during such processes can have huge impacts on the finances of the borrower. Being ignorant can lead to serious consequences. The legal clauses involved in mortgage borrowing processes keep on changing frequently, with constant modifications and manipulations. It can make even long-prevailing rules outdated before you say the word 'mortgage'.

Expecting the customer to be familiar with rules and regulations related to mortgage is an unreasonable assumption. However, knowledge of basic rules is always expected and can be very helpful in flawless processing. Moreover, it helps avoiding scheming lenders. Independent financial advisers can be the key to selection of best mortgage available. They provide neutral and unbiased advice. Financial advisers can provide vital information on general as well as specific mortgages, depending on the requirements. One such organization is known as Independent Financial Advisers. It represents independent financial advisers across the UK. You can ask for help from such organizations in locating a local adviser anywhere in the UK. It is general practice for lending organizations to offer valuable advice in the term of repayment forms or in methods of charging interest forms, etc. However, you need to be very analytical while differentiating between a useful advice and marketing of products.

Confusion for those applying for mortgages increases further because of the huge number of terms and conditions associated with them. Mortgages are available for literally every use possible and for different category of borrowers. People who are going to buy homes for the very first time in their lives can have a first-time buyer mortgage. On the other hand, those planning to benefit from the equity in their home but not repay the amount received, can take a reverse mortgage. Right to buy mortgages is available to the council tenants only, who are planning to buy council homes for themselves.

Then comes in the part of deciding on the amount of mortgage to be borrowed. The amount of mortgage allowed will differ with the lenders and the type of mortgage taken. The risk involved is also a deciding factor which can reduce or increase the amount of mortgage allowed to the borrower. Mortgagors have to cover some percentage of the mortgage as a deposit. As deposit increases, the amount of mortgage increases. If you are unable to arrange deposits, you can take a 100 percent mortgage, where no deposit is required. The borrower can apply online or make a personal visit to the lender. Some lenders offer discounts if you apply online.

Credit report is another crucial factor while applying for a mortgage. You need to have a copy of the credit report from any of the main credit reference agencies, like Equifax or Experian. Any discrepancies present in your credit report must be immediately sorted out.

Property is one of the main factors while deciding the actual amount of mortgage. It depends on cost report provided by surveys and valuations. You can request for a revaluation in case you feel the measurements are erratic.

One erratic step can cause you your property. It is not possible to foresee the future, but one can at least provide well for the future. Taking well-informed steps can help rope off the harmful effects of mortgages.

Tax Lien Investing How Much Does it Cost to Begin

I have noticed that many individuals that desire to get into tax lien investing don't really have an understanding of what's involved. They don't estimate 2 things - the quantity of cash required to invest in tax lien certificates and the amount of time that's concerned in order to find profitable tax liens.

Let's discuss in relation to the time involved in investing in tax lien certificates. Tax lien sales in almost all states are often held on weekdays at regular business hours, so you will have to have the time to attend the sale to bid on the certificates that you are interested in. In a number of states you may be able to mail in your bid, it is to your advantage to be at the sale.

However that is less than half of the time that you will need to spend money on purchasing profitable tax liens. Before you can even get to this point you need to do some sort of due diligence on the properties which are in the tax sale. The checklist of properties that you simply get before the sale from the tax workplace, generally, doesn't tell you anything about the property. Steadily this listing will solely encompass the tax ID, proprietor of file, and amount owed. It doesn't even give you the location of the property!

So the first thing that you need to do is look up the assessment data on the property and discover the address. You'll want to physically take a look at the property to be sure that the evaluation info is up to date. You want to make sure that the property is priced significantly greater than the quantity that's owed for again taxes. Remember the fact that you may have to pay the taxes on this property all through the redemption period (if it doesn't redeem) earlier than you'll be able to foreclose on it or apply for a deed.

This brings up the opposite issue that a beginner sometimes underestimates once they get started in tax lien investing, and that's how a lot cash is needed to invest in tax lien certificates.

ON numerous occasions people inform me that they wish to get started with under $250.00. That is really not enough. Though it's possible you'll not need as much to put money into tax liens as you do for tax deeds, you still want not less than $2000.00 to get started. Despite the fact that you could have the ability to purchase a lien for beneath $200, you still need to pay the taxes on that property until the lien is redeemed. In case you don't, the property might wind up in subsequent years tax sale and another investor could purchase that lien.

Tax lien investing just isn't like buying a financial savings bond or placing your cash right into a CD.

You can not take your money out when you wish to and you do not get paid any interest payments till the property owner decides to redeem the lien. If the property owner doesn't pay, than you need to wait out the redemption interval after which you go through a foreclosure process, or deed application period, before you obtain the property.

If investing in tax lien certificates is something that you just wish to do, then I recommend that you have at least $2000 that you understand you will not need to satisfy any of your bills to use for this purpose. I additionally suppose that you will need to have at least just a few hours you could spend money on doing due diligence and bidding at tax sales. If you only have $2000, chances are you'll only be going to 1 or two sales annually and spending a number of hours of your time each six months or so.

In the event you really wish to pursue tax lien investing aggressively, it is even better when you have $5000 - $10,000, and a minimum of 10 hours per week that you can invest. This way you can attend more sales and buy a few liens per year as an alternative of only one or two. The more time and cash you can make investments, the greater will be your return.

Why use a debt settlement company when I can negotiate my debts myself

Are you considering hiring the help of a professional debt settlement company to help you negotiate your unsecured debts, but you can justify paying someone for something you might be able to do on your own? Here are a few positive reasons why it is beneficial for you to hire a professional instead of risking your financial future.

1.Experience. Settlement companies handle hundreds of accounts daily. They understand the system and know how it works. The average consumer, on the other hand, does not. The average client has 4-5 accounts, which would hardly give him the necessary experience to be called an expert or professional. Experience eliminates uncertainty and confusion and can lead you to save thousands of extra dollars.

2.Time. Negotiating with creditors is not a one-phone-call, 10-minute-conversation ordeal. It often requires numerous phone calls and hours of conversations with creditors. Debt settlement companies can save you a great amount of time and energy.

3.Emotions. Debt and financial burden can often be a very personal, embarrassing issue, and creditors take great advantage of this. They will often play with people feelings and make them feel guilty for their situation. Using a debt settlement company removes any emotional ties to the debt, which means that the negotiations are much more logical and efficient. Tactics that creditors might use on clients in no way work on professional debt arbitrators.

In conclusion, please do not let any company mislead you into thinking that the only way to negotiate a debt is by hiring a debt settlement company. Nevertheless, for most people, the additional fees charged by a professional negotiation company are well worth the tranquility and positive results brought by professional assistance. The risk you might be running negotiating your own debts may cost you much more than what you might be saving by not seeking expert help.

Is your retirement income and portfolio built to last

You may be already retired but you still have work to do making sure your assets are working as hard as they can for you producing the income that you need to cover your retirement living. Making sure your assets are performing means balancing your need to create an income stream for your day-to-day living as well as you building for you long-term growth.

1. Could my portfolio weather then next market downturn? Almost everyone's portfolio that went throught the recent market downturn needed some re-adjustment to get back on track. One of the best ways to rebuild your portfolio, especially if it contains high-quality assets such as large-cap stocks and high-quality bonds, is to give them time to recover knowing that as the economy improves so should the assets. Careful examination of your current portfolio is still necessary to make sure that even within the high-quality asset space you are not exposed to any unnecessary risks. Putting a good retirement strategy in place helps reduce the chances of having to tap into your investments for income needs at the wrong time.

From time to time, retirees should re-evaluate their income needs and resources. Meet with your Financial Advisor to discuss if there have been any changes in your expenses say increases for health care or maybe decreases in other lifestyle costs and to what degree you are willing to take on risk. Then make sure your new lifestyle changes and in needs are built into your portfolio even if it needs to be re-adjusted to that you can cover the next several years of expenses with a mix of income producing assets such as good dividend paying equities, high-quality fixed income instruments, certificates of deposits (CDs), real estate investment trusts (REITs), and inflation protected securities (TIPS).

If you are becoming more risk-averse and are afraid of volatility, you might want to consider an annuity for guaranteed income. "Considering a single-premium annuity can combine the safety needs we typically see with retirees with the highest amount of income for the retirement dollars going in there," says Albert Isakov Chief Investment and Market Strategist at Isakov Planning Group. Speak with your Financial Advisor to get a more complete picture of the various annuity options and their benefits that may be available. More importantly, discuss with your Financial Advisor how these annuities can serve as a viable strategy for building and preserving your retirement income.

2. Will my assets keep pace with inflation? People are living longer and retiring early these days. The average length of retirement years has substantially increased since the 1960s from 13 years to about 20+ years today. Unfortunately, the longer those retirement years get, the worse inflation affects a portfolio, with the ability to significantly deteriorate the value of your retirement assets.

Several types of assets can help hedge against inflation risks. "One of the best and proven ways to hedge against long-term inflation is through equities," says Albert Isakov Chief Investment and Market Strategist at Isakov Planning Group, who notes that stock returns tend to stay ahead of inflation over the years. However, they are not the only hope. Adding Inflation-Protected Securities (TIPS) to your fixed income portion of your portfolio can help you protect the deteriorating ability of inflation over time. TIPS adjust the bond's principal with changes in in the consumer price index - an economic indicator of inflation - and if overall prices rise, the consumer price index will rise, and that has the effect of increasing your interest payments. Adding gold to your portfolio can have the effect of hedging against inflation as well because gold tends to increase in value during periods of inflation. Other inflation hedges include variable annuities, which provide guaranteed income and the potential for gro wth by giving you equity exposure via its underlying investment options.

3. Are you checking up on your retirement portfolio regularly? Having the framework in place that will build your retirement portfolio and ultimately generate your retirement income is undoubtedly a critical step, but equally crucial is reviewing your retirement plan and strategies at least annually to determine whether there have been any changes to your objectives and income needs, spending habits, as well as your risk tolerance.

Getting together regularly with your Financial Advisor will help you understand the right times to move assets arounds to say more conservative income-producing positions or to shift them to growth-oriented investment opportunities. Discussing various strategies is important not only to take advantage of market opportunities but also to anticipate market downturns. "You want to have enough liquidity so that in case of a market recession, like the one we have recently experienced, you might be able to avoid putting yourself in a situation where you are forced to sell off investments to meet your cash needs," says Albert. "You are better off putting yourself in a position where you and your Financial Advisor are make decisions proactively rather than decisions for damage control."

4. Are you prepared for the cost of health care? Expenses associate with health care such as a nursing home, an assisted-living facility, or private home-care has risen to levels double the rate of inflation over the past several years. About eight hours of home-care can cost anywhere from $43,000 to $70,000 annually, and private nursing home care now averages about $75,000 per year, depending on several factors. With costs like these, it is very likely that all your goals can be thrown off track and your retirement assets tapped out quickly. Despite the rise in health care costs which Medicare won't cover, astonishingly almost 90% of Americans surveyed by the Life and Health Insurance Foundation for Education didn't have a plan to meet those costs. You need to discuss the health care issue as early as possible with your Financial Advisor and address how you will pay for your health care needs when the time comes so you can retire confidently knowing that you have a way of paying for healt-related expenses.

One popular option is to purchase a long-term care insurance, which is a way to cover your expenses for extended care. Additionally, you could self-insure through personal savings, although that may be difficult if you haven't done so because it will require substantial additional savings. Or you could take advantage of new changes in the tax code that permit individuals to purchase a long-term care policy using funds from a non-qualified annuity which starting January 1, 2010 is no longer subject to federal income taxes. This makes it very tax and cost efficient to purchase the long-term insurance that you need.

5. Is your retirement everything you'd hoped it would be? It's never too late to go back to the drawing board and reassess what you want to get out of your retirement or adjust any goals you may have started out with one way and shift them to somthing else. Don't be afraid to make some tweaks, because it is usually not too late to adjust a portfolio in some fashion to align you with other aspirations you may have. With an investment strategy and guidance from an Financial Advisor, you can make it work.

Structured Settlement In The Usa

A structured settlement is a kind of financial or insurance arrangement that includes periodic payments. A claimant has to accept resolving a personal injury tort claim. Otherwise he has to compromise a statutory periodic payment obligation. First, this settlement appeared in the United States of America and in Canada in the 1970s. They were utilized as an alternative to lump sum settlements. It is also known as periodic payments.

Periodic payment laws are enacted in the United States of America at the federal and state levels both. Federal laws include sections of the Internal Revenue Code. State laws include the following: periodic payment of judgment statutes and structured settlement protection statutes. Periodic payments are affected by Medicaid and Medicare laws. Periodic payments may be incorporated into Medicare Set Aside Arrangements Special Needs Trusts" to preserve a claimants Medicare and Medicaid benefits.

Some of the nation's largest disability rights organizations have endorsed structured settlements. For example these are American Association of People with Disabilities and the National Organization on Disability.

Generally periodic payments are structured in the following way: the claimant (an injured party) settles a tort suit with the defendant pursuant (or its insurance carrier) to a settlement agreement according to which, the defendant or its insurer agrees to make a series of periodic payments over time in exchange for the claimant's securing the dismissal of the lawsuit.

Then the defendant is being obliged for a long-term payment to the claimant. In the most common case, to fund this obligation, the insurer takes one of the following approaches: a third party is being delegated with a periodic payment obligation, otherwise the insurer have to purchase an annuity from a life insurance company (that arrangement is called a "buy and hold" case.

As were said previously, this settlement appeared in the USA in the 1970s. For nearly a half of a century since they were set, lots of economists studied them. The economical studies grew fast and there were made efficient developments.

Nowadays there are more opportunities for American citizens then in 1970s. Currently you may even sell structured settlements if you are in a need of money. This may provide you with a steady income. You need not to wait for years, but get your money right now. Specialists will help you to get cash for this settlement. You can earn nice sums of money without any extra efforts. Everything will be done by the team of the specialists.

Selling periodic payments you may earn great sums of money. It is legal. More of that it is justly that you shouldnt wait for a long time and just sell your structured settlement. That may give you enough money to buy a car or a house. You dont have to wait anymore if you are in a need of money.

Advantages of Settlement Funding

Settlement funding is a customer-oriented service from legal funding firms that is certainly supplied to clients who have a lawsuit filed. That is a service in which cash is provided to clients to help them meet their fiscal desires. The type of settlement funding depends upon the circumstance situation.

The customer's requirement for your dollars, the eligibility terms along with the info offered by the attorney basic are all deemed whilst processing settlement funding.

Settlement funding could be the spending of cash ahead of time for the consumers who count on cash payment if the circumstance in the law court is settled in their favor. This payment is exchanged for any lien in opposition to the lawsuit.

Repayment is done by the shopper by having to pay back the advance from your fiscal settlement received after the circumstance is won.

Settlement funding is offered at a aggressive industry fee. The rate is decided by the liability, the situation length and insurance coverage coverage.

In circumstance the filed lawsuit is held due to any cause, settlement funding can still be provided if applied for Judgment funding or Appeals.

Settlement developments which can be compensated on certified cases are paid in quantity from $500.00 to more than one million bucks. Though distinct varieties of cases qualify for settlement funding, the legal guidelines of person states also play a position in settlement funding.

As an example, worker's compensation cases can't be deemed in states like California, Alaska, Minnesota and others even though personal injury cases cannot be viewed as in North Carolina. These state rules can't be violated.

Some great benefits of settlement funding are the procedure of approval is straightforward and speedy. No monthly costs or any hidden dues are charged and also the quantity is not essential to become repaid until finally the case is resolved inside the customer's favor.

If the consumer gets monthly installment payment rather than a lump sum quantity, structured settlement funding may be opted for.

Normal factors that count for normal mortgage software these as employment standing, credit score score etc aren't considered once the applicant wishes to acquire settlement funding.

There could be scenarios through which the consumer who received the settlement funding wins the situation but doesn't receive the money through the other get together who wishes to violate the verdict. In this kind of a situation, the duty to repay the settlement advance amount lies using the individual who lost the case instead of using the client.

The perfect element is always that no amount is to be repaid if the shopper loses within the lawsuit. With great flexibility and customer orientation, this service is currently being helpful to many clients.

Mortgage Lead Generation Systems

Find a Partnership Program

As you have seen, your niche is almost as important as your referrals themselves. In addition to establishing yourself in the industry, you should also try to find your own referral partners on the real estate side of things. Good referrals and a good niche go hand in hand.

One way to get the best referrals from the best realtors is to make yourself valuable to them. You can do that through the right referral program, or an effective mortgage lead generation system. The best ones will get you access to the low hanging fruit of the mortgage industry: renters who are buying for the first time. These mortgages offer the least competition when referred and are the easiest to close. Additionally, they are usually qualified because they come from a real estate agent.

Once you have a good USP, you can use it to enhance all the other tips you will get. As you search for leads, make sure your USP is there to help you make each search more effective.

Pitfalls To Avoid When Selling Your Annuity Or Structured Settlement

Want to sell your annuity or structured settlement? Here are some common mistakes to avoid.

1) Only talking to one funding company.

People considering selling their annuity or structured settlement are usually in a quick need of a cash lump sum. Whether they need the money to cover medical bills, make home mortgage payments, buy a new car, send a kid to college, whatever it may be. You generally need money and you need it fast. In a hurry, a person will usually call a number they find in a TV commercial or internet search and agree to the first annuity or structured settlement buy-out offer they receive. This is often a mistake. Funding companies are vicious competitors and by obtaining multiple bids from multiple companies you will earn a far better rate. The first offer will often not be the best offer. So, practice patience when evaluating offers. Get multiple bids. Shop around. Make them compete to win your business, and do not rush into the first offer you receive.

2) Not keeping the transaction all business

One trick any good salesman employs is to build personal rapport with a prospect. This isn't necessarily a bad thing. It's good to be friendly with the people you do business with. However, my advice with these transactions is to keep the dealings all business. Don't let them in to why you need the money, your personal problems, nothing. You don't want them to discover that you're in great need of the money, or worse, desperate for cash. Weakness is often taken advantage of. By keeping a professional attitude and making them realize that you're looking for the best offer and you're in no rush to sell until you obtain an offer you find acceptable you change the sales dynamic to your favor.

3) Selling part of your annuity or structured settlement without regard to future payment stream

Believe it or not people forget that when selling only a portion of their annuity or structured settlement they reduce their future payment stream. So when the next payment comes they often realize that they can't live off that monthly or annual amount and are forced into selling more. Do the math before-hand. Make sure the reduced payment stream after selling a portion is enough to sustain your current lifestyle needs.

4) Not seeking professional advice

Talk to your lawyer and accountant before taking any deal. Find out all tax consequences of transaction. Run all contracts by a good attorney before signing. The little it costs to obtain professional tax and legal advice could save you a lot of money and trouble down the road.

To recap: Talk to multiple funding companies, keep it professional, understand reductions of payment streams if you're selling just a portion and talk to both an account and a lawyer to advise you through the transaction.

Copyright (c) 2008 Bill Broich

The Lowdown On Structured Settlement Transfers

Everyone has seen the commercials Get cash now for your structured settlement payments! Have you ever wondered what the real deal was with those companies and how you can make money from your structured settlement? Of course you can sit around and wait for checks to show up, but what is the real lowdown on selling structured settlements?

Basically, the companies that advertise paying you for your structured settlement are in the market to buy structured settlement payments. Currently, you probably get a check every few months. What those companies do is buy the rights to your payments and give you a lump sum in return. The structured settlement is transferred to the buyer and they receive payments on it instead of you. However, the amount they pay you is less than all those payments add up to or else they would not make money on the deal.

Structured settlement transfers are much like transferring many other assets, although there is a little more red tape. More than likely you received your structured settlement as part of a lawsuit or settlement on a claim, so there are a certain number of legalities that must be dealt with. For the most part, though, it is basically paperwork to be prepared and signed.

The buyers of structured settlements have several clients, so they receive a great deal of money from payments on settlements they have bought. In the long run, the payments add up to more than they paid the original owner(s), so it is profitable for those willing to wait it out. Because inflation steals a portion of the value of the structured settlement as well as the additional time it takes to collect the money, the cash payouts on a structured settlement with some companies may be considerably lower than others.

Do Justice To Lump Sum Payout By Investing With Structured Settlement Company

Annuities are an agreement or contract that can assure an income stream for a definite period of time, in some cases for the entire life after retirement. Annuities are purchased through investment or insurance company. A structured settlement company also needs to be contracted in case you want to invest your Lump Sum Payout for receiving further benefits.

The very foundation of purchasing a Lump Sum Annuity should be dependent on what kind of investment you want to make and how you will be utilizing the lump sum annuity. This assessment is important and should be based on a fair balance sheet and on reality. Receiving lump sum payouts can be dependent on various circumstances such as needs like education expenses for future, buying a house, meeting any financial emergencies etc. A number of financial experts and agencies can provide necessary assistance and make you realize realistic assessments. You can also get online help in this matter. Investing money in monthly annuity may be convenient for some and receiving lump sum payout may be a better option for others. In any case appropriate investment plan is important.

Though you may get a lot of assistance while investing in an annuity, the scenario may not be same when you want to receive lump sum payout. You must first call the organization where your annuity is held and ask them to make payment in whatever mode you have opted -- regular income payments or lump sum payout. You will also be required to fill the paperwork involved.

The second step goes towards contracting a structured settlement company if you have started receiving your annuitization payments. Most of these companies are law firms that by structured settlements or annuity payments. You can request a quote from these structured settlement companies and expect the quote to be a good percentage. It is better that you shop around a bit and find the best third-party buyout offer. Make investment only with that firm that offers the highest buyout. You will need to file the appropriate paperwork with the structured settlement company in order to complete the transaction.

The best way to go about your lump sum payout investment and use is contacting a financial advisor who may charge you a minimal amount but it'll make sure that the lump sum payout you have received remains safe and the income tax consequences can also be handled.

The Benefits Of Selling A Structured Settlement

The reason for structured settlements work both ways, for the payee and the payer. The payer will not be having a hard time seeking out the right resources to pay off his obligation, while the payee get to secure a financial income that is both steady and consistent though minimal in amount. One of the many reasons why court would uphold their decisions on lawsuits and injury claims to structured settlement contracts.

When a person is stuck with the structured settlement, he could very well make use of the money coming in periodically to augment the day-to-day expenses at home because the amount is minimal. It is like having a regular income from a day job, which can be beneficial in terms of security and stability in longer times.

However, not all individuals can be happy with the result of the court proceedings for they intend to make use of the lump sum money. How can they go on with their intention when the money is then divided into portions that enable the payee to receive a small amount in periodic payment? The answer, sell the structured settlement. Here are some of the benefits of selling your structured settlement:

Financial Freedom - if you have debts or mortgages that you need to pay off, having the lump sum amount will most definitely provide you the financial freedom you are seeking in your life. The peace is worth the wait, and as such, selling your structured settlement is very advantageous. Once all debts are settled, you can start anew and begin your new journey to a world with no pressures and stresses of having t settle debts left and right.

Return of Investment - if you have the business acumen, you could make use of your structured settlement sale to start a venture and gain more than what you started. Setting up a business will provide you better financial opportunity and will ultimately help you more in your life.

Structured Settlement Purchase

Once a settlement offer is made and accepted by a recipient, theyre entitled to receive a set number of payments for the duration of the structured settlement period. Instead of waiting for all the settlement payments to arrive at a fixed interval (sometimes lasting up to a year or more to receive all the funds), the recipient can opt to have their structure settlement purchased by another buyer in exchange for an immediate payment that represents the majority of the total settlement award they have coming to them. The buyer in this scenario is typically an insurance or securities company that deals largely in annuities and other fixed sources of income. The recipient can work out terms with the buyer depending on how many structured settlement payments have already been disbursed from the original settlement offer. Depending on current rates, the buyer may offer a higher percentage of the settlement balance (if the amount is low and the remaining payments are few), or a lower percentages (if the amount is ve ry high, and there are a lot of fixed settlement payments left to receive). The reason for the different prices is basically related to the amount of time a buyer has to wait in order to accumulate all the funds of the settlement. At times, the recipient has very good reason to have the large sum of money immediately, in place of smaller amounts at time. They would like to go to the college, or else buy the house, or have other good reason to need some, of the settlement money. This is one good time to consult companies who buy the structured settlements.

There is the fee charged, from 10 - 30 percent of money advanced, and transaction is very much similar getting the payday advance, then except for more money, and repayments go straight to company, which bought out the settlement. It is likely to have it purchase just the part of settlement, so that you get the lump sum now, as well as whatever stays will continue before, however in lesser amount. You will get a few future income, not as much. While deciding to sell the settlement, it might be essential to get the court approval. This is one method that legal system acts on behalf, to make sure that you are doing it for the good reason, as structured payment system was determined on for the good reason.

Structured Settlement Payments Explained

Before the 1980's when structured settlements became common, people who were rewarded a settlement would typically get a lump sum amount... meaning they would have all their money at once.

Example: If you were injured at work and received a $100,000.00 settlement, you would get the whole amount up front.

It didn't take long before the "system" (meaning courts, involved companies and people) realized a big problem with this... settlement recipients would spend all their money very quickly and still be in need for more!

A structured settlement is simply a break down of your settlement amount into periodic payments.

Example: If after an accident you are awarded a $100,000.00 settlement, you might receive $10,000.00 per year for 10 years.

That's basically what a structured settlement is.

Of course, depending on your settlement you might be guaranteed payments for months, years or your whole life!

Do Structured Settlements Apply To Anyone And Everyone?

Structured settlements were really just created for injury cases - both at work, on the road, or at home.

Let's not forget the most *important* benefit: The money you receive each month from your structured settlement is absolutely tax free!

You see, the government wants to encourage their use because it saves our country money in the long run. (Otherwise more people would need public aid because they spent all their settlement money!)

The amount of the payments and pay periods are completely negotiable for both parties (usually the victim and insurance company) to decide.

Keep in mind: This negotiation phase is the perfect time to be smart and think ahead of how you should best structure the payments... make sure you have expert lawyers and financial planners to help you.

An insider advises on, Important points to consider when seeking a Life Insurance Settlement

As an experienced professional in life insurance settlements, I talk to seniors and financial planner everyday providing advice on the best ways to maximize the profit on the sale of their life insurance policy.

For an overview of Senior Life Insurance Settlements see the bottom of this article.

Of course, I consistently find that there are two basic goals of any senior seeking a life insurance settlement. One, they want to be assured of a safe and secure transaction and two, they are trying to achieve the highest possible dollar value for their life insurance policy. To achieve the goal in point number one, I would insure that the broker was licensed in my state. For licensing information you can contact your local Department of Insurance. And to insure the highest settlement value, I would be certain to use the services on more than one broker and. You should start search by contacting at least 5 life settlement brokers, and narrow down you selection to 2 or 3. For a list of these you can contact the Life Insurance Settlement Association.

Some important questions I would ask when you interview life settlement brokers:

Are you licensed in my state? How long as your company been in business? How many life settlement cases do you close in a year? What steps will you take to process and market my case? What is your commission? Will all commissions be disclosed at closing

What is a Life Settlement? A Life Settlement is a cash payment in exchange for an existing life insurance policy, with payment in excess of the Cash Surrender Value. The purchaser takes owner policy ownership and pays all future premiums. For example, a senior owns a $1,000,000 life insurance policy with a Cash Surrender Value (CSV) of $75,000. The CSV is the amount the insurance carrier will pay on a surrendered policy. If eligible, the policy can be sold in exchange for a higher amount (i.e. a Life Settlement) on the open market. The open market is also referred to as the secondary life insurance market, where qualified funding institutions purchase policies in exchange for the beneficiary assignment. On average, a Life Settlement will pay 2 to 5 times more than the CSV. To insure that a policy receives the highest bids possible, it is important that a Life Settlement application is exposed to all institutional funders. A policy without a cash surrender value can also qualify for a Life Settlement. Many factors determine eligibility , which are discussed in detail at www.aimsettlements.com

Structured Insurance Settlement Payments

The buying or selling of structured insurance settlement annuities must be supervised by a court of law. The reason for that process is that it is a way of making sure the people who are recipients of a certain settlement will not end up being scammed by conmen. Most cases of structured insurance settlement are due to a death case that went wrong or also a person who is incapacitated.

These types of settlements not only benefit the defendant, but also people like the plaintiff. When the process of negotiating a settlement is underway, a plaintiff is assured of getting a certain amount of structured insurance settlement. Since this income will come in the form of installments, which will in turn help the defendant to be able to pay for his medical bills and every day living expenses.

The defendant is also given powers to be able to control the funds that are gotten from the plaintiff. The process that is normal is that the defendant will be able to buy annuity from an insurance company. This annuity is used to provide someone with an assured structured insurance settlement. By the sale of this settlement, the person who was given it will be able to get a large amount of money usually known as a lump sum.

In the year 1982, The United States Congress passed a Periodic Payment Settlement Act which was given the mandate to regulate any legal process that would entail the negotiation of these types of agreements. The Congress also included a clause that stated the revenue which is collected to be considered as a tax - free source of income. This would help the affected persons be able to get the maximum from the structured settlement that was awarded to them.

Though this step has been seen to be very helpful, it requires a court review any time that the client would want to sell their settlement. This review would in turn prevent people from overspending their annuities or using the funds that they got from the settlements to purchase unnecessary items. Legal restrictions have made it impossible for insurance companies to be able to change the payment structure of a structured settlement.

Payments in the future can however be considered as assets of the injured party. This means that the defendant can be able to sell the settlement in the future.

Good References for Finding Toronto Personal Injury Lawyers

A Toronto personal injury lawyers represents persons or organizations that have been injured by another person, group, company or even government agency or organization, where the injury occurred as a result of wrong doing or negligence on the part of that person, group company or government entity. If the accident involves minor damage to your car, you don't need to retain a lawyer unless the insurance company is try to take advantage of the situation. However, if you sustained an injury after the accident, the best thing to do is to hire an attorney.

By getting to know the Toronto personal injury lawyers through known references, helps to build trust faster. Additionally, the lawyer may be well aware of the type of business you run and can efficiently handle any issues related to it. An experienced injury lawyer should be sought so that he/she is able to tackle any situation presented to him/her in any manner and circumstance.

Many law firms have a range of legal services, which range from specialist family or corporate law to personal injury litigation. Firms employ specialist lawyers as well as investigators that are assigned to your case to build up a strong defense on your behalf. This is where a Toronto personal injury lawyers comes in to the picture. A lawyer would typically help you get adequate compensation and will give you representation in the event of you receiving any kind of physical damage or injury from a product or wrong doing by any other agency.

A good Toronto personal injury lawyers will also know how strong your case can build up to ensure you maximum compensation. But be sure they charge nothing until they have won you maximum compensation for personal injury. Accident caused due to someone's negligence at work or in the traffic can amount to huge financial losses. This can be handled by the lawyers specialized in fighting personal injury cases.

The Toronto personal injury lawyers works for clients or claimants who wish to secure humongous settlements to chase after compensation companies to get their settlements. The numbers keep increasing for injuries that are recorded each year and the cases may include medical mishaps, auto accidents, mental suffering and injuries sustained at the work place among others. This might involve an injury that the client has received while on their job and which they will need a trained legal expert and negotiator to help them handle.

The Toronto personal injury lawyers are known to be the simplest form of personal injury accident. The service of the personal injury lawyers is needed when the accident happens within the premises of the department store or any private or government owned places. All the demands you want from the negligent party will be settled by the personal injury lawyers. The structured settlement will be done by the lawyer. Your legal interests will be protected and the claim will be awarded to you.

Online is a good reference for finding Toronto personal injury lawyers: many have helpful sites and blogs designed to bring in potential clients, show experience and testimonials, and point out how they can help you. That's just the advertisement, though. You want to get to know how a lawyer works in order to hire him or her.

Selling Structured Settlement Payments

As most of us know, selling structured settlement can prove to be insufficient to meet your financial needs. When it comes to selling these, you will find that people will be more likely to do cash out settlements. Therefore, you should be careful of the wording you will use in your settlement agreement so that it cannot give the wrong impression. In the event that one uses restrictive wording in their agreement, you will find that it might prohibitive to allow any transfer of the said settlement.

The confusion that this can result in might come at the time when one is in dire need of the settlement cash. A structured settlement is normally an agreement between you and your insurance company. What happens is that the settlement is executed so as to enable you to access a claim that you made.

In the event that an insurance company settled your claim by buying annuities that are in your favor, you will find that you will not be able to sell it as the annuity will belong to the insurance company and not you. This is one of the prohibitive clauses that will give you difficulty when selling them.

Though you might not be able to sell it to gain a lump sum, you will find that the settlement will give you a number of payments that will like installments. This means that the right for you to get your payment can be considered as an asset. In this perspective, you will find that anyone who has an asset has the right to retain it or sell depending on their wishes.

Even though this is possible, you will find that the justice system has made this process to be a bit difficult. This is because such settlements are considered as a source of financial stability and that is why the justice system will encourage the payment of these settlements but at the same time will discourage the sale of these settlements. This issue has led to the problems that most people are having when they try to them.

With a good lawyer and financial adviser, you may be able to convince a court to a point that they will allow you to sell them. These are the general issues that have been known to affect structured settlements.

Sell Structured Settlement Annuity Payments From Any Settlement With Ease

After a settlement has been made for some type of legal issue, the payment received for this settlement can be received a couple of ways. Money may be distributed in either a lump sum or in structured settlement payments. People have the option to sell structured settlement annuity payments to a company that will then provide them with a lump sum of cash.

It doesn't matter what the payments were issued for. The structured settlement payments can be the towards the personal injury structured settlement, a lawsuit settlement, a medical malpractices settlement, or even a wrongful death settlement.

Reasons for selling these payments include; reducing medical bills, getting rid of current debt or paying off credit cards. People often take the structured settlement payments so that they will have a specific amount of money coming in each month. However, there are times when emergencies arise and cash is needed sooner than expected.

Getting quotes on structured settlement annuity payments being sold is relatively quick, thanks to the Internet. Most companies will compete with one another to get your business. If you live in a large city, there should be quite a variety to choose from. Businesses usually have contact information on their web page. Some companies are able to do everything over the Internet and have the ability to provide you with multiple quotes for your payments.

When searching online for the best price on the structured settlement annuity payments, there is usually just one form to fill out for each business. Besides filling out the form, the company will also need to know that name of the insurance company that is paying you, how much these payments are for, and the date that these payments are received on.

The money for the purchase of these payments is usually transferred into your personal bank account. Most companies also offer the option to call and talk to a representative to receive the quotes. People who aren't familiar with the concept of selling structured settlement payments prefer this method, since it gives them a chance to ask any questions they might have.

A quote, or quotes, is sent to the email address provided on the form. This information takes about an hour to receive, but sometimes it might take an entire 24 hours. After the quote is obtained, the desired buyer is chosen to sell structured settlement annuity payments to and documents are sent in the mail.

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Paul Easton writes on many subject including How to at his specialist website with FREE Advice:

The Benefit of Fixed Rate Mortgages

While the fixed rate mortgage doesn't work for everyone because you can often have a higher interest rate, over the long run, this tends to be the best choice for those that want to know what they are paying, how much they are paying, and how they won't be affected by the housing market.

The one concern with a fixed rate mortgage is that you will want to be a person that has good credit. In fact, most lenders will not want to give these kinds of loans to people without a good credit background. To secure the lowest interest rate and this kind of agreement, you will need to make sure you are paying your bills on time and that your credit history is clear of problems.

Whether you're a new house owner or you're looking to own your first home, a fixed rate mortgage is something you may want to consider. The stability of this loan is one less thing you need to worry about in terms of your home. Though you might be able to save money with an ARM, that's not a guarantee - and your financial future should not be based on a 'maybe.'

Sell Structured Settlement Payments

With the current economic crisis world wide, you might feel that you want to sell structured settlement payment so as to reduce the financial burden that you are experiencing. Of late you will find that the companies that are known to buy such settlements have been overloaded with people who want to sell structured settlement payment.

As a result, you will find that the rate for these settlements has gone down and also there is the risk of getting a rip off from such settlements. You will find that some people will not have the patience to wait for the right time to be able to sell. This will in turn subject them to unscrupulous dealers who will buy their structured settlements at an all time low price. An example would be the one of the homeless man who won the lottery.

Since he had never handled such large amounts of money, the lottery decided that he would be paid in the form of a structured settlement. This would ensure that he had a steady source of income as well as security in the future. But being human, he got greedy. He decided that he wanted to live the luxurious life of driving fancy cars and living in mansions.

At this point, one of his friends advised him to sell structured settlement payment. The so called friend told him that he could do this secretly with a shylock. This would in turn be very discreet and he would only be charged a reasonable fee. So he decided to go ahead and sell it. As we all know, shylocks are mostly predators that are out to make a quick buck.

They will do everything necessary in their power to make sure that they get the most out of the deal that is being done. They will also charge exorbitant prices and give a low turnaround. The homeless person being a drug abuser and high at the moment signed the papers that would allow the transfer of his structured payment. He was given a down payment and was to return the following day for the rest.

The next day the shylock was nowhere to be seen. As you can seen, this would be avoided if the necessary precautions.

Entire Amount Of Structured Settlement

At times the obligation of periodic payment is transferred to another company and this is called as a qualified assignment or a third party. The third party also called as assignment will receive the entire amount of structured settlement in the form of annuity and will in turn fund the first party, that is claimant who is seeking payment in installment basis. There is no other liability for third party other than payment of qualified assignment.

This is also another safest methods of structured settlement wherein two parties are agree with each other settlement of periodic payment and the second party pays the entire annuity amount to the third party to make periodic payments to the first party. This means without the interference of second party, the third party will be obligated to make periodic payments to the first party. This arrangement is made with a view to avoid any future complications that may arise due to lapse in payment. In this regard, the claimant will also agree to receive payments from third party and this also indicates structured settlement. The claimant does not have to rely or depend on the second party, but can receive regular payments from the third party.

But for the sake of qualified assignment, it is important that a criteria must be met with according to the Internal Revenue Code Section 130. If the criteria is not met with, periodic payments will invite levy of income tax and federal income tax. In case, the qualified assignment has met with Internal Revenue Code, under Section 130, the amount received is excluded from income taxes. These provisions have to be referred carefully, in order to draw maximum benefit from qualified assignment. A thorough and clear knowledge of legal provisions is required for gaining income tax benefits. If there is a compliance under the provisions of IRC 130, periodic payments cannot be increased or decreased.