The first thing is to understand a bit more what a structured settlement is. Just remember that a structed settlement is kind of like insurance. It covers an accidental injury, and the settlement is what will get you and your defendant out of many hours of court proceedings.
The question really is how to you want to get your money. When in a settlement situation there are many options, and each has its advantages. The best thing to do would be to consult with a lawyer to fully understand what you are getting yourself into. But the basics are sell now, receive now, or get the money on a month to month basis.
The truth is the terms selling structured settlements and getting cash for a settlement are the same. It is two ways to say the same thing. Sometimes its confusing, but in the end, it is the same. These terms mean you will be getting all of your money in one lump sum.
If you do not want to sell your settlement, consider getting it monthly. There are a lot of things to think about when deciding how to get the money, so take it all into consideration, and you will come to the right conclusion.
One key factor is to go with a firm you trust. There are many scams out there. Structured settlements can be a bit tricky, so people will try and confuse you into hiring them, even if they dont have a lot of experience. Be very careful about who you choose to work with.
Another thing is that the money you receive is for restitution. The goal is to compensate you to the point that it would be like your injury never happened. Thinking of it this way might influence you to get your money right away, or to get it periodically.
Dont hesitate on making a decision if its the right one. Talk to your family, your lawyers, and your accountant for a full description and explanation of the consequences of selling your settlement, or getting cash for it.
The question really is how to you want to get your money. When in a settlement situation there are many options, and each has its advantages. The best thing to do would be to consult with a lawyer to fully understand what you are getting yourself into. But the basics are sell now, receive now, or get the money on a month to month basis.
The truth is the terms selling structured settlements and getting cash for a settlement are the same. It is two ways to say the same thing. Sometimes its confusing, but in the end, it is the same. These terms mean you will be getting all of your money in one lump sum.
If you do not want to sell your settlement, consider getting it monthly. There are a lot of things to think about when deciding how to get the money, so take it all into consideration, and you will come to the right conclusion.
One key factor is to go with a firm you trust. There are many scams out there. Structured settlements can be a bit tricky, so people will try and confuse you into hiring them, even if they dont have a lot of experience. Be very careful about who you choose to work with.
Another thing is that the money you receive is for restitution. The goal is to compensate you to the point that it would be like your injury never happened. Thinking of it this way might influence you to get your money right away, or to get it periodically.
Dont hesitate on making a decision if its the right one. Talk to your family, your lawyers, and your accountant for a full description and explanation of the consequences of selling your settlement, or getting cash for it.
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